Excerpt from: Forex Forecast
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| August 05, 2009 | | Forex trading forecast sees possible bounce for greenback | The U.S. dollar may see a rally in currency trading on the FX market, thanks to stumbling equities. Right now, the U.S. dollar is gaining against the euro in forex trading, and it looks as though the sterling's recent rally against the dollar may be coming to a close.
With unemployment data still showing that the economy is still shedding jobs, it is little surprise that the U.S. dollar is seeing a small surge in popularity again. The stock market is falling, and investors are turning the dollar as a safer alternative to equities.
This is not likely to be something that is long lasting, but the a U.S. dollar rally in currency trading could be something seen in the short term.
| Topic Tags: currency trading, dollar currency trading, forex trading, forex trading forecast, forex trading greenback, U.S. dollar | |
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