Forex | Forex | Dollar Looking for Direction (03/07/2009 01:48:13)

Dollar Looking for Direction

Dollar Looking for Direction The dollar and yen rose after US employment dropped more than expected, dampening economic recovery prospects. Stocks and commodities fell as investors sought haven in treasuries ahead of a long weekend in the US. The S&P 500 fell 26.91 points to 896.42. The European and commodity currencies declined on increased risk aversion. European Central Bank President Jean-Claude Trichet said the ECB expects a nearterm period of deflation to be “short-lived.” Trichet


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