U.S. Dollar Finishes the Month Sharply Higher
The U.S. Dollar closed out the month of January sharply higher as aggressive buyers helped the Greenback surge to the upside following Friday morning’s better than expected U.S. GDP report. The report which blew out forecasts encouraged traders to buy with both hands as investor sentiment turned more optimistic toward a strong U.S. economic recovery. Earlier in the week, the Dollar was bolstered by a more upbeat statement by the Federal Reserve. Although the FOMC left interest rates
The Trading Week: Jan. 31 – Feb. 5
Jan. 29, 2010 (Allthingsforex.com) – With the Fed’s monetary policy decision behind us, the U.S. Non-Farm Payrolls and the G7 meeting along with three interest rate announcements from the Reserve Bank of Australia, the Bank of England, and the European Central Bank will take the center stage in what could become another pivotal week ahead for equities, commodities and currencies. In preparation for the new trading week, here is a quick look at the most important economic events that