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Excerpt from:  Forex Commentary
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February 09, 2010

U.S. Dollar Moves Lower in Forex Trading

Currency trading with the greenback

The U.S. dollar is moving lower in forex trading on the currency market today, falling as events in Europe spark risk appetite. Greek rescue hopes are likely to follow ECB president Jean Claude Trichet from Sydney, and that is sparking a rally in high beta currencies.

Also sending the dollar lower is the fact that the sterling and the euro have been oversold in forex trading for sometime, and a natural correction is expected. 

In currency trading, the greenback is also under pressure as oil prices and gold prices head higher. The dollar traditionally moves inversely to these commodities, and it appears that the two are putting pressure on the U.S. dollar in forex trading.

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PermalinkCurrency Trading with the Greenback
.Forex trading on the currency market
.http://www.gftforex.com/land/?aid=7356
Topic Tags:  currency trading, euro forex trading, forex trading, Jean Claude Trichet, trading greenback, U.S. dollar
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