Excerpt from: Forex Analysis
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| April 15, 2010 | | Forex trading with riskier currencies | The risk trade appears to have hit a wall on the forex market today, as the U.S. dollar makes solid gains. Even though Chinese data gave risk currencies a boost yesterday, the enthusiasm seems to be wearing off today.
Concerns about Greece are once again surfacing, as widening spreads continue to put the pressure on. Additionally, U.S. economic data isn't so great today. Jobless claims showed an increase, and investors are once again jittery about what the persistent employment market problems will do to the economy.
As a result, the U.S. dollar is moving higher in forex trading as investors look for safer investments. Greenback is up against the sterling and the euro in forex trading right now.
| Topic Tags: currencies, economy, euro forex trading, forex market, forex trading, risk trade, U.S. dollar | |
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