Dollar ‘Responds’ Favorably to Bail-Out Proceedings |
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Dollar Index (DXZ8): The DX opened higher at 76.84 and slid to 76.54 as a report showed Existing Home Sales fell -2.2% to 4.91M , greater than the exp. -2.0%. Prices recovered on Fed Chrm. Bernanke's testimony in front of the House Banking Committee sending prices to a mid-day Hi of 77.04. As continued concerns were left on the table, prices drifted lower into the close of 77.88, up 23 tics. Until this 'bailout' is resolved to the best of our 'lawmakers' ability, other economic data remains
Filed under: Fundamental
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