November 14, 2007

U.S. Dollar Still Weak in Currency Trading

Greenback struggles on FX market

The U.S. dollar is still weak in forex trading, falling against a variety of major and minor currencies. The greenback is struggling on the FX market as the global economy shifts rapidly away from one that is dollar-centric. Bloomberg reports on the U.S. dollar and the global economy:

``What we're seeing is a very broad rebalancing of economic and political power in the world,'' says Jeffrey Garten, a Yale School of Business professor who was the Commerce Department's undersecretary for international trade in the Clinton administration. ``The scales are moving, and they're moving quite fast.''

For more on the U.S. dollar at home, this debate from Fox News offers some insight:


	Consumers Demand Price Cuts in Canada
	Increased buying power of loonie basis of demand
	http://www.bloomberg.com/apps/news?pid=20601083&sid=aBIfm84Fd4qM&refer=currency

	The U.S. Dollar and the Global Economy
	Currency trading on the FX market
	http://www.gftforex.com/land/index.asp?aid=446

Topic Tags: currency trading, forex trading, FX market, global economy, greenback FX market, U.S. dollar, U.S. dollar currency trading, U.S. dollar forex trading

by mmarquit

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