Excerpt from: GFT News
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| November 19, 2008 | | Greenback could be getting ready for another surge in currency trading | The U.S. dollar is showing some stability in FX trading on the currency market today. It has been fairly even the last couple of sessions, in a marked departure from recent volatility.
The greenback could be gearing up for another surge in currency trading, however. The Fed is looking to inject even more cash into the markets, and this could provide a catalyst for the U.S. economy by improving liquidity (and maybe combating deflation).
What the Fed is doing, however, is injecting an element of uncertainty that could cause some confusion. Additionally, the move could mean the end of the Fed Funds rate as the most important monetary policy-maker.
| Topic Tags: currency market, currency trading, Fed rate, FX trading, FX trading currency market, greenback currency trading, U.S. dollar FX trading | |
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