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April 02, 2008

US Dollar Steady in Forex Trading Ahead of Ben Bernanke Testimony

Currency traders await market moving events
US dollar forex trading, Ben Bernanke testimony, euro currency trading, currency traders, US dollar rally, forex trading currency market, US dollar currency market, US recession
The US dollar has steadied in forex trading on the currency market ahead of Ben Bernanke's testimony today. There is anticipation over his possible remarks on the subject of a US recession.

After rallying against the euro in currency trading, as well as gaining on other currencies, the dollar has slowed its advance. Forbes reports on the US dollar in forex trading:

'There is caution ahead of the two market-moving events today. First is Bernanke's testimony and second, the ADP release. Both can potentially move the market,' said Thomas Lam, senior treasury economist at United Overseas Bank.
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Topic Tags:  Ben Bernanke testimony, currency traders, euro currency trading, forex trading currency market, US dollar currency market, US dollar forex trading, US dollar rally, US recession
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