USD On the Rise

Source: ForexYard


The greenback made gains this morning against the euro and Swiss franc. A few factors contributed to this morning’s rise, including positive news for the USD. There are signs that the US stock markets were showing resilience helped boost investor confidence in the overall strength of the USD and the US economy.  Also giving the USD a boost were the positive forecasts of the housing and unemployment figures expected later today. While forecasts are certainly good, traders would be well advised to keep a close eye on degree of impact the expected figures have.

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