Home Page : Archive News : May 2011 News : Dollar Set to Test Resistance, Commodities Spook Bears

Dollar Set to Test Resistance, Commodities Spook Bears

May 05, 2011

The dollar held on to chunky overnight gains on Friday and key resistance levels were in its grasp as tumbling oil prices, a dearth of indications there would be an immediate rate hike from the European Central Bank and a series of soft U.S. data prompted selling of higher-yielding currencies. 

Source: http://www.cnbc.com/id/42924378?__source=RSS*tag*&par=RSS
 
Related Updates