Excerpt from: Forex Analysis
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| February 18, 2008 | | Currency trading on the FX market | US dollar forex trading strategy should consider that while profit taking is helping the greenback today in currency trading, it is not expected to help long-term. The profit taking is the result of Friday's dollar sell-off, and the greenback is expected to remain weak in currency trading. Reuters reports on the US dollar forex trading strategy:
But in the medium term, she added, the dollar should remain
on the defensive after Friday's weak data and expectations for
more weak releases this week as well as the likely dovish tone
of the Fed minutes on Wednesday. | Topic Tags: curency trading, dollar selloff, forex trading, forex trading strategy, greenback currency trading, profit taking, US dollar, US dollar forex trading | |
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