Tuesday, June 23, 2009

Flight To Quality Helps Dollar

The US dollar rose against major currencies on Monday as a negative stock market and falling commodity prices drove investors into the greenback. Technical forex traders are looking breakout over resistance which may be spurred on by positive existing home sales report on Tuesday. Expectations are for a rise of 2.6 percent in May to an annual pace of 4.8 million for 4.68 million.


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