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|  | | October 15, 2008 | | Currency trading with the greenback | Weakness in the U.S. stock market, which came yesterday after a dramatic rally in the morning, is keeping the U.S. dollar back in forex trading.
With equities floundering, risk appetite is just not very strong in currency trading on the FX market. As a result, the greenback is mixed against major currencies, with the dollar index falling.
Going forward, the U.S. dollar is going to need a show of economic and fundamental stability if it hopes to overcome the issues that are plaguing its performance in FX trading. Otherwise, the outlook in currency trading for the greenback looks somewhat bearish.
| Topic Tags: currency trading, currency trading FX market, currency trading greenback, forex trading, FX trading, risk appetite, U.S. dollar, U.S. dollar forex trading | |
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