Excerpt from: Forex Analysis
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| October 01, 2008 | | Currency trading with the greenback | The U.S. dollar rally is continuing in FX trading on the currency market today. Thanks to a rapidly spreading credit crisis that is proving that the eurozone is vulnerable too, it appears in currency trading that the greenback is poised to remain stronger.
There are questions, however, regarding how long the U.S. dollar can continue the rally when the fundamentals of the economy -- especially if the bailout adds more to the national debt -- are somewhat shaky.
ActionForex reports on the reasons behind currency trading support for the greenback:
In addition, the greenback is supported by concern that the credit
crisis in the US is spreading quicker than expected to Europe. Four
lenders were bailed out by governments in Europe this week. IMF chief
Dominique Strauss-Kahn said that Europe needs to develop a version of
their bailout plan for their own financial crisis. | Topic Tags: bailout, currency trading, currency trading greenback, FX trading, FX trading currency market, U.S. dollar FX trading, U.S. dollar rally | |
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