Excerpt from: GFT Analysts in the News
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| October 06, 2008 | | Currency trading with the greenback | Right now, the U.S. dollar is consolidating against the euro in forex trading. Even though there are some hiccups in the performance of the greenback in currency trading (due mainly to worries that the $700 billion bailout may be the wrong thing for the financial markets), overall the things are looking relatively strong.
The main strength of the U.S. dollar in forex trading on the currency
market is coming from the fact that nearly every other currency is
considered weaker than the greenback at this time. Yes, there is
weakness for the U.S. dollar, but other financial markets and
currencies aren't faring any better. The euro performance in forex trading is a good example. | Topic Tags: $700 billion bailout, currency market, currency trading, euro forex trading, financial markets, forex trading, greenback currency trading, U.S. dollar forex trading | |
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