Excerpt from: Forex Forecast
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| November 18, 2008 | | U.S. dollar set to gain in currency trading | Recently, the only currency that has been giving the greenback trouble in FX trading has been the Japanese yen. However, the forex trading forecast for the dollar/yen shows that things may be changing.
Right now, due to risk aversion, the Japanese yen has been gaining against the U.S. dollar in currency trading. Another issue is that the U.S. has been cutting interest rates to a point where they are getting closer to Japanese rates.
All that could change, though. Bloomberg reports that some analysts feel that the U.S. will start raising rates again next year, and that the interest rate differential will be enough to help the greenback overcome the yen in FX trading.
| Topic Tags: currency trading, forex trading, forex trading dollar/yen, forex trading forecast, FX trading, greenback FX trading, U.S. dollar, yen currency trading | |
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