Forex | Forex | Dollar 'Higher' as Pressure From China Subsides (30/06/2009 05:47:24)

Dollar 'Higher' as Pressure From China Subsides

Dollar Index (DXU9): The DX opened higher at 80.145 after China ruled out any 'sudden-changes' in its foreign reserves policy, reducing pressure to divest itself away from its large holding of U.S. Treasuries. Prices rose to a morning Hi of 80.295, on belief that the U.S. economy will lead most G-7 countries out of the global slow-down. As equity prices rose, traders moved out of the safe-haven of Dollars, taking on more risk for higher returns, sending DX lower into the day-session close of


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