Excerpt from: Forex Analysis
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| June 22, 2009 | | Greenback up against sterling, euro in forex trading | The U.S. dollar is moving higher in currency trading on the FX market today. The greenback is moving up against the sterling and the euro in forex trading as safe haven demand increases.
Indeed, the budget news coming out of the euro zone is sending the euro lower -- in spite of more positive German Ifo data. Additionally, economic data coming out of Britain is sending the sterling a little bit lower as well.
With concerns about the speed of economic recovery once again moving to the forefront for investors and forex traders, it is little surprise that the U.S. dollar is being sought in currency trading as a safe haven.
| Topic Tags: currency trading, dollar currency trading, euro forex trading, forex traders, forex trading, FX market, greenback forex trading, U.S. dollar | |
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