August 10, 2009. Forex traders/ Investors should buy US currency on Monday as according to 54 estimates in a Bloomberg News survey ahead of Commerce department report on 11th August , Retai Sales , Rose just by 0.1 percent excluding Autos.
Employment data released on last Friday said jobless rate dropped to 9.4 percent from 9.5 percent in June. Good news for US Economy has started coming in although consumer confidence and consumer spending will rise by the passage of time. For the time being Forex / Currency traders can safely take risk to buy US currency keeping in mind the positive signals for the early recovery of US economy.
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