Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Forecast
|  | | November 29, 2007 | | Year-end recovery possible for greenback in currency trading | The U.S. dollar forex trading forecast is calling for a possible recovery by the end of the year. Economic data shows that the U.S. economy is not in a full-on recession, and many think that traders have been too pessimisstic regarding the greenback in currency trading on the FX market. Bloomberg reports on a possible U.S. dollar recovery:
``We wouldn't be surprised if the dollar does stage a
recovery by year-end,'' said Ashley Davies, a currency
strategist in Singapore at UBS AG, the world's second-largest
foreign-exchange trader. | Topic Tags: currency trading, forex trading, forex trading forecast, FX market, greenback currency trading, U.S. dollar forex trading, U.S. dollar recovery, U.S. economy recession | |
|
|
| 
