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Excerpt from:  Forex
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May 12, 2008

US Dollar Strengthens in Forex Trading

Currency trading with the greenback
After a choppy end to last week for the US dollar in forex trading, things are starting to turn around. In currency trading, the greenback is showing strength as oil prices retreat slightly.

Additionally, some feel that the decline of the US dollar in forex trading due to the credit market crisis was a little extreme. On top of that, there is speculation that US interest rate cuts are likely over.

Topic Tags:  credit market crisis, currency trading, currency trading greenback, forex trading, oil prices, US dollar forex trading, US interest rate cuts

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