Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading.

Google Subscribe ButtonMyYahoo! Subscribe ButtonWindows Live Subscribe ButtonRSS 2.0 Web Feed Subscribe Buttonwhat is this?
Excerpt from:  Forex Analysis
.
October 14, 2008

U.S. Dollar Down in Forex Trading

Greenback in currency trading
The U.S. dollar is down in forex trading this morning as markets wait for further details surrounding a revised U.S. bank bailout plan. While the downward move by the greenback in currency trading was initially slow, things are picking up just a bit right now.

U.S. dollar is dropping against the U.K. pound and the euro in forex trading this morning. Inflation is helping the pound, and the greenback was considered overbought against the euro.

Things could change, though, after Secretary Paulson's remarks about the economy, the bank plan and any other matters he chooses to discuss.
.
PermalinkMore on the Revised Bank Bailout Plan
.Expected effects of the bailout on the economy
.http://finance.blogrange.com/finance-news/bernanke-says-us-plan-to-help-revive-markets-report-reuters/
.
PermalinkGreenback in Currency Trading
.Forex trading with world currencies
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  bank bailout, currency trading FX market, euro forex trading, forex trading, greenback currency trading, U.K. pound, U.S. dollar, U.S. dollar forex trading
by mmarquit | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription