December 08, 2008

U.S. Dollar Drops in Forex Trading as Stimulus Packge Brings Hope to Stock Market

Risk Aversion lessens need for safe haven on currency market

The U.S. dollar is dropping in forex trading on the currency market today as things start looking up for the stock market. The news is that president-elect Barack Obama has a plan to focus on economic stimulus through:

Infrastructure
Green energy
School building projects

This is providing the stock market with a bit of a boost, and the recent demand for U.S. bonds means that yields are low enough that borrowing costs shouldn't be too high.

With risk aversion retreating, at least a little bit, the greenback is no longer needed as a safe haven in forex trading. As a result the U.S. dollar has dropped a bit.


	U.S. Dollar in Forex Trading
	FX trading on the currency market
	http://www.gftforex.com/land/index.asp?aid=446

	More on the Greenback in FX Trading
	U.S. dollar on the currency market
	http://www.actionforex.com/action-insight/market-overview/dollar-remains-pressured,-completing-a-head-and-shoulder-top?-2008120871295/

Topic Tags: Barack Obama, currency market, economic stimulus, forex trading, forex trading currency market, greenback FX trading, safe haven, U.S. dollar forex trading

by mmarquit

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