Excerpt from: GFT Analysts in the News
|
 |
| January 12, 2009 | | Greenback advancing in currency trading |
The U.S. dollar is moving solidly ahead in forex trading on the currency market today. The greenback is seeing success in currency trading as investors look to the dollar as a safe haven.
Right now, pessimistic as the U.S. economy looks, it is still considered likely to recover faster than either the British economy or the euro zone economy. As a result, the dollar is gaining against the U.K. pound and the euro in forex trading.
A certain degree of optimism about the U.S. economy is being seen with the upcoming inauguration of Barack Obama. Some traders are looking beyond the dismal expected earnings reports and retail bankruptcies to the hope that economic recovery will start in 2009.
| Topic Tags: currency trading, euro forex trading, forex trading, forex trading currency market, greenback currency trading, safe haven, U.K. pound, U.S. economy | |
|
|
