Excerpt from: GFT News
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| November 14, 2007 | | 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:
| 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 | |
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