Excerpt from: GFT News
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| January 15, 2009 | | U.S. dollar popular again in forex trading | Over the past few months, it has become clear that the U.S. dollar is popular again in forex trading. The greenback has been the safe haven currency of choice lately, eclipsing the Swiss franc (a former favorite).
Indeed, the U.S. dollar is considered a safer bet than many other currencies. With both the euro zone and the British economies floundering, it is expected that the U.S. economy will recover first.
Additionally, during times of economic uncertainty, many investors overlook low returns. With its .25% Fed rate, the greenback is certainly offering lower returns. But the risk averse are mainly content to get anything right now.
| Topic Tags: dollar forex trading, Fed rate, forex trading, greenback, risk averse, safe haven, U.S. dollar, U.S. economy | |
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