Dollar Sentiment Pressured by Fed Comments

25 November 2009 @ 05:17 am EDT

The USD held on to modest gains Tuesday as equities and commodities declined. However, pressure on Dollar sentiment came following the FOMC Meeting Minutes. The Federal Reserve said Tuesday that officials believe the economy is going to recover at a slow rate while unemployment will remain high. These statements affirmed expectations the Federal Reserve will keep rates low for an extended period of time.

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