Excerpt from: GFT Analysts in the News
|
 |
| March 31, 2009 | | U.S. dollar correction in currency trading | Despite the recent news that U.S. consumer spending saw improvement in February, consumer confidence surveys still show this economic indicator near lows. Consumer confidence did see a marginal improvement, but nothing like some are hoping.
A new report by the Organization of Economic Cooperation and Development (OECD) insists that government policies now in motion will prevent a depression, and there is speculation that if the report is publicized, it could help consumer confidence see some substantial improvement.
The U.S. dollar saw a bit of a correction earlier on a variety of data and news, but with the euro zone economy showing signs of weakness, and with an expected ECB rate cut on Thursday, the greenback is edging higher against the euro in forex trading.
| Topic Tags: consumer confidence, consumer spending, Depression, dollar currency trading, euro forex trading, forex trading, OECD, U.S. dollar | |
|
|
