Excerpt from: Forex News
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| April 14, 2009 | | Greenback gains in currency trading as risk aversion sets in | After surprising retail sales data for February, forecast for March were expected to be on the up-and-up. A certain amount of optimism has been a part of the financial markets recently, and now that has been tempered by the most recent retail numbers.
Forecasters expected a 0.3% gain in March retail sales. However, retail sales numbers came in at a dismal -1.1%. This news is obviously causing some confusion and distress amongst economy bulls who have been expecting things to stabilize.
As a result, the greenback is gaining in currency trading on the risk aversion. With risk aversion once more at the forefront of forex traders' minds, it is little surprise that the dollar is once again showing strength as investors look for safe haven investments.
| Topic Tags: currency trading, economy, forex traders, forex trading, greenback currency trading, risk aversion, sales data, U.S. retail sales | |
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