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|  | | August 22, 2008 | | Greenback rises against the euro in forex trading | The U.S. dollar took a breather yesterday in FX trading on the currency market, slowing its rally. Today, though, things are back on track for the greenback -- espeically against the euro -- in forex trading.
With industrial orders declining in Europe, many traders thought yesterday's drop overdone, and losses are being erased today. Additionally, the U.S. dollar is gaining against the yen and the U.K. pound in currency trading.
For later today, forex traders will be keeping an eye on the testimony of Ben Bernanke. ActionForex reports on the impact that his remarks could have:
The speech will either keep the dollar rising in the market or
deteriorate it as investors turn pessimistic about the financial
markets in the U.S. | Topic Tags: Ben Bernanke, euro forex trading, forex traders, FX trading, FX trading currency market, greenback forex trading, U.K. pound currency trading, U.S. dollar FX trading | |
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