Excerpt from: Forex Forecast
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| 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 | |
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