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

The third quarter wasn’t kind to the U.S. dollar. As a matter of fact, the USD fell against most of the major world currencies as the International Monetary Fund cut its projections for losses and write-downs associated with the world’s current economic crisis. The dollar index fell 4.4 percent in the quarter and was down 2.0 percent for the month of September alone. The CAD increased the most in three weeks based on the same IMF projections. U.S. gold futures hit $1,000 an ounce yesterday,… Continue