Excerpt from: Forex Forecast
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| November 12, 2007 | | Risk appetite could return, driving greenback down in currency trading | Right now, the U.S. dollar is gaining on the FX against many majore currencies, especially in Europe. However, it is dropping against the Japanese yen. The forex trading forecast for the U.S. dollar warns that things could turn around, especially for euro/dollar, if risk aversion disappears. Reuters reports on the greenback in currency trading:
"(But) we would be very cautious of entering further short
positions in the yen crosses. We think we are not too far from
the end of this and in respect to euro/dollar, any return in
risk appetite would once again push it back above $1.47." | Topic Tags: currency trading, euro/dollar, forex forecast U.S. dollar, forex trading, forex trading forecast, forex trading U.S. dollar, greenback currency trading, Japanese yen, major currencies | |
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