Forex Market review – The Dollar Index’s lowest daily close in six weeks
Posted by admin on June 27, 2010 under daily forex analysis, Daily Forex review, forex market | 
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This Friday saw the Dollar Index’s lowest daily close in six weeks. The level of overall forex trading investor sentiment and the strength of the USD’s own fundamental backdrop will influence the Greenbuck, as both of these subjects are facing dramatic changes with a scheduled G20 meeting, deteriorating financial conditions in already unstable economies and the prominent risk of a negative nonfarm payroll reading on Friday.
While risk appetite level, the relative economic health and level of yields behind the greenback are in flux, the currency’s status as a safe haven can easily overwhelm most other concerns that develop along the way.
