Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Strategies
|  | | May 15, 2008 | | Currency trading with the greenback | Forex trading strategy regarding the US dollar should consider that sentiment is starting to turn in favor of the currency. In currency trading, the greenback is starting to see a little more support as many feel that the US economy is emerging from its problems.
Even though the CPI data from April was somewhat disappointing, the dollar is still holding up on the FX market. And the risk appetite that is resulting also has the consequence of increasing the popularity of the carry trade.
| Topic Tags: carry trade, CPI data, currency trading, currency trading greenback, dollar FX market, forex trading, forex trading strategy, forex trading US dollar, US economy | |
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