Forex | Forex | Dollar headstrong in light of rising risk appetite (19/06/2009 15:09:58)

Dollar headstrong in light of rising risk appetite

In yesterday’s opening commentary we questioned whether investors needed to get some “dollar-bashing out of its system” following a sharper than expected rebound in the Philly Fed gauge of manufacturing prospects – a widely followed indicator of future activity. At the time, the euro just put in its high for the day at $1.40 and we were impressed with the claw back the dollar made later in the session to finish at under $1.39. Our central observation here as the week winds down is that the

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