Excerpt from: Forex Analysis
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| July 05, 2010 | | Slow day helps greenback in currency trading | The U.S. dollar is finding some support in forex trading on the currency market this morning, helped along by the fact that U.S. markets are closed and volume is low. This comes as the U.S. dollar moved a bit lower at the end of last week, due in large part to fundamentals of the U.S. economy.
However, with concerns about a double dip recession surfacing, there has been a bit of a movement toward the U.S. dollar for its stability. Growth is being held back in China, and there are concerns remaining about Europe.
Until the global economy finds some truly solid footing, the U.S. dollar is likely to remain a safe haven investment.
| Topic Tags: currency market, forex, forex trading, greenback, U.S. dollar | |
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