Excerpt from: Forex Forecast
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| February 08, 2010 | | Lack of major economic data means quiet week for dollar in currency trading | The forex trading forecast for the U.S. dollar looks to be a bit staid for the coming week. With very little economic data set to be released, it is small surprise that the greenback is expected to be reasonably quiet in currency trading on the FX market.
Another issue is the fact that the U.S. dollar has been doing so well recently, thanks to its safe haven status. Dollar bulls may be pleased, but the fact is that it is probably time for some sort of correction as investors explore their options.
It will be interesting to see what the coming week brings. Already the euro is showing signs of life in forex trading, and that may mean a bit of a drop in the forecast for the U.S. dollar.
| Topic Tags: currency trading, economic data, euro forex trading, forex trading, forex trading forecast, FX market, U.S. dollar | |
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