Excerpt from: GFT Analysts in the News
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| January 07, 2009 | | Economic stimulus plan likely to add to deficit | As the U.S. dollar retreats against the euro in forex trading, the news about the economy takes the forefront. Right now, there are estimates that a massive $1.2 trillion deficit is expected for fiscal year 2009.
Part of that figure includes the deficits that would result from the economic stimulus package that President-elect Barack Obama hopes to enact rather soon after he takes office.
There is speculation that such a deficit would undermine the U.S. economy further, damaging the fundamentals that support the U.S. dollar in forex trading.
| Topic Tags: Barack Obama, economic stimulus, euro forex trading, forex trading, U.S. deficit, U.S. dollar forex trading | |
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