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Excerpt from:  GFT News
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September 02, 2008

U.S. Dollar Gains Strength in Currency Trading

Forex trading with the greenback
The U.S. dollar is gaining strength in currency trading on the FX market. In forex trading, the greenback is doing especially well against the euro, moving to a seven-month high.

While Gustav's impact being less than expected has helped the U.S. dollar in currency trading (due in large part to the fact that it has led to declining oil prices), there is also another factor in the greenback's rise: optimism.

Bloomberg reports on the U.S. dollar, currency trading and the economy:

``There is optimism about the U.S. economy,'' said Lutz Karpowitz, a currency strategist in Frankfurt at Commerzbank AG, Germany's second-biggest lender. ``Right now it looks like dollar strength is going to continue.''
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PermalinkMore on the U.S. Dollar, Currency Trading and Gustav
.Forex trading with the greenback
.http://money.cnn.com/2008/09/02/markets/dollar.ap/index.htm
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PermalinkForex Trading with the Greenback
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency trading, economy, forex trading, forex trading euro, forex trading greenback, Gustav, oil prices, U.S. dollar currency trading
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