Excerpt from: GFT News
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| August 21, 2008 | | Greenback drops in currency trading | The U.S. dollar rally is seeing a pullback in FX trading, as the greenback falls against the majors in currency trading. One of the large factors behind the drop by the U.S. dollar in forex trading is worries over a manufacturing slump.
There are concerns that the manufacturing sector will move sluggishly, and concerns remain regarding the credit market. While there is some optimism that the worst is over, many investors are wary of future losses. This is making for a certain level of risk aversion when it comes to American markets.
| Topic Tags: credit market, currency trading, dollar forex trading, forex trading, FX trading, greenback currency trading, U.S. dollar FX trading | |
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