Excerpt from: Forex Forecast
|
 |
| September 02, 2010 | | Greenback in currency trading | The U.S. dollar continues to soften in forex trading on the currency market today. Indeed, the U.S. dollar is mostly lower, dropping against the euro, yen and Aussie.
Against the sterling, though, the U.S. dollar is slightly higher. Sterling appears to be underperforming, especially in light of some evidence that Britain may be ready to move into economic recovery.
Emerging market currencies are still receiving a bit of help from yesterday's announcement of positive manufacturing data out of China, and that is contributing to dollar weakness. The forex trading forecast indicates that dollar weakness could continue for a little longer. But markets are volatile right now, and it is difficult to tell how forex traders will react to different bits of news.
| Topic Tags: China, currency trading, forex traders, forex trading, forex trading forecast, U.S. dollar, yen | |
|
|
