Excerpt from: Forex
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| April 17, 2008 | | Currency trading with the greenback | The US dollar remains weak in forex trading on the currency market this morning. Worries about a US recession persist, especially as the financial sector continues to report losses due to subprime lending.
The in currency trading, the greenback is doing especially poorly with regard to the euro. Even as the Fed is expected to cut rates again later this month, the ECB is expected to hold them steady. This interest rate differential is likely to contribute to an already-widening gulf.
The euro is within striking distance of $1.60 in forex trading.
| Topic Tags: currency trading greenback, euro forex trading, forex trading blog, forex trading currency market, subprime lending, US dollar forex trading, US recession | |
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