Excerpt from: Forex
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| June 03, 2008 | | FX trading with the greenback | The US dollar is faltering in currency trading on the FX market this morning. Indeed, worries over additional bank failures are mounting, in the wake of Lehman Brothers and Wachovia data from yesterday.
In FX trading with the greenback, it is important to note that these developments have many worried that there is more to the credit market crisis, and that it is about to reveal itself.
Reuters reports on the negative impact that risk aversion is having on the US dollar in currency trading:
"Rising risk aversion has been a dollar negative over the
last few months because it implies the Fed will have to wait a
little longer before it can start hiking rates," he added. | Topic Tags: credit market crisis, currency trading, currency trading FX market, forex trading news, FX market, FX trading, FX trading greenback, risk aversion, US dollar currency trading | |
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