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Excerpt from:  Forex News
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February 27, 2009

US GDP Revised Lower

GDP decreased by 6.4% in Q4 of 2008

Just a day after president Barack Obama presented his 2010 budget, the revision in 4th quarter GDP data was made. However, the news is grim indeed, with the revised GDP decreasing by 6.4% -- even more than thought.

The news is actually sending the US dollar higher in forex trading on the currency market. The greenback is gaining rather dramatically in currency trading as safe haven demand is renewed.

News the things are worse than previously thought for the U.S. economy is resulting in a flight to safety on the concern that the global economy will not be recovering anytime soon. As a result, there is a trend toward capital preservation in what is considered the world's most stable currency. 

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PermalinkMore on Capital Preservation
.Trying to protect what one already has in this economy
.http://personaldividends.com/money/miranda/investment-strategy-capital-preservation-safe-investments
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PermalinkGreenback in Currency Trading
.Forex trading on the currency market
.http://www.fx360.com/?aid=5704
Topic Tags:  Barack Obama, currency market, currency trading, economy, forex trading, greenback currency trading, US GDP
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