Excerpt from:  Forex News
.
February 23, 2010

U.S. Dollar Heads Higher in Currency Trading

Forex trading on the currency market

The U.S. dollar is heading higher in currency trading on the FX market today. Risk appetite is fading right now as global equities retreat, and economic data from around the world causes a reduction in global economic confidence.

Even after last week's discount rate hike, some members of the Federal Reserve Board have been making dovish comments. Additionally, commodities like gold and oil are lower today, equities are lower in Asia and Europe.

Another issue is the weakness of the German Ifo. As a result, it appears that investors are looking for a little bit of safety today, and that is driving them to the U.S. dollar.

Bookmark and Share
Topic Tags:  currency market, currency trading, Federal Reserve Board, forex trading, FX market, U.S. dollar

Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription