JDFN Financial Network

Forex Daily Digest's Blog – August 2009 Archive (21)

The Forex Daily Digest – August 3, 2009

The USD fell more than 1% at the end of the week after the U.S. government said the economy contracted less than economists expected, but still indicated negative trends in consumer spending. Gross domestic product fell 1% in the second quarter, better than the 1.2% decrease which was expected by economists. Traders picked through revisions of past data and components of the report and watched stocks since the USD is so closely tried to indications of investors' risk appetite.



The… Continue

Added by Forex Daily Digest on August 2, 2009 at 8:38pm — No Comments

About

James Dicks created this Ning Network.

© 2024   Created by James Dicks.   Powered by

Badges  |  Report an Issue  |  Terms of Service