Excerpt from: GFT Analysts in the News
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| March 04, 2009 | | Will continued economic weakness send the US dollar higher in currency trading? | February job loss data is expected to show continued declines in the employed. The recession continues to claim jobs, as companies look for ways to cut costs. There doesn't seem to be much that can be done to stem the tide of job loss -- at least until the employment measures in the economic stimulus bill take effect.
The Financial Times reports on some of the areas that were hardest hit by job losses:
- Services sector.
- Construction.
- Good producing.
As one might expect, small and medium sized businesses cut the most jobs.
With weak economic data remaining the focus for many investors and forex traders, it is likely the the US dollar will see some continued strength in currency trading.
| Topic Tags: currency trading, dollar currency trading, economic weakness, forex traders, job loss data, small businesses, US dollar | |
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