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June 13, 2008

More Gains for the US Dollar in Currency Trading

Greenback heads for weekly gain against the euro in forex trading
G8 meeting, US dollar currency trading, currency trading, greenback forex trading, forex trading, euro forex trading, economic data, currency trading FX market, FX market
As the G8 meeting gets underway today, the US dollar continues to make solid gains in currency trading on the FX market. The greenback is poised for a huge weekly gain against the euro in forex trading, as it heads down through the $1.54 mark.

Much of the dollar's success in currency trading is coming from economic data that showed strong retail sales in May. Consumer price inflation is due in this morning, and that could also provide some support for the greenback in forex trading.
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PermalinkGreenback v. Euro in Forex Trading
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Topic Tags:  currency trading, currency trading FX market, economic data, euro forex trading, forex trading, FX market, G8 meeting, greenback forex trading, US dollar currency trading
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