Weekly Forex Market Commentary

The US currency made little overall progress during the past week, but retained its previous gains.

The US currency made little overall progress during the past week, but retained its previous gains. It was the last week of official vacation and few traders were looking to cut new paths. Commodities are at a crossroads and the logical direction for the oil remains up in the medium term, while the credit crunch is worsening by the day. It is more of a question of which economy is going to melt faster, the one in the US or that in the Eurozone economy, and until the answer to this question becomes more apparent, sideways trading is likely.? But the dollar seems to be b

GFT