Daily Forex Commentary for July 29, 2009

July 29, 2009 Higher Yielding Currencies Post New Highs for the Year At times today the U.S. Dollar showed signs of strength but it all depended on where you were looking. Overnight action suggested that the Dollar would be weak as most major Forex pairs were trading on their highs. Early session weakness in the equity markets helped drive the Dollar higher, but by the end of the day, higher-yielding currencies such as the Australian and New Zealand Dollars were able to post new highs for the