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February 11, 2008

Forex Trading Forecast: US Dollar

US dollar could fall further in currency trading
Despite recession fears, the Group of Seven took pains over the weekend to emphasize that the US is not in a recession right now. While acknowledging the growth in the US economy would be slower, BusinessWeek reports that the G7 insists the growth will take place.

For the forex trading forecast, this means that the US dollar is likely to remain somewhat weak, but that it should not drop too dramatically.
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Topic Tags:  currency trading, forex trading, forex trading forecast, forex trading US dollar, G7, Group of Seven, US dollar currency trading, US economy, US recession
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