Excerpt from: Forex Commentary
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| July 26, 2010 | | Greenback falls on concerns about economy | The U.S. dollar is slipping in forex trading on the currency market today, falling as forex traders consider the implications of economic data.
Indeed, there is an interesting dynamic on the currency market right, with the U.S. dollar lower against high beta currencies, as well as down against the Japanese yen. Forex traders are a bit cautious, and helping the yen firm, but at the same time are concerned about the performance of the U.S. economy as opposed to the European economy.
For now, the U.S. dollar is down across the board, lower against the euro, pound and Aussie, but also struggling against the yen.
| Topic Tags: currency market, economy, forex traders, forex trading, greenback, U.S. dollar | |
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