198305 Resource 119241 120646 120646 1204119831881 1204119831881 Controlled US Dollar Expected to Remain Weak in Currency Trading

Forex trading forecast for the US dollar

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The forex trading forecast for the US dollar is expected to remain one of weakness. US economic data has been generally weak, and there are expectations of another Fed interest rate cut before April. </span><a href="http://www.banks.com/blogs/mortgages/2008/01/22/breaking-financial-news-fed-cuts-rates/" target="_blank" title="US dollar currency trading, currency trading, forex trading forecast, forex trading, forex trading US dollar, US economic data, Fed interest rate cut, recession" style="font-family: verdana,arial,helvetica,sans-serif;">Past Fed rate cuts</a> have been insufficient to kick start the economy, and at this point it is more an effort to arrest further descent into possible recession. <a href="http://www.reuters.com/article/usDollarRpt/idUSL2776544320080227" target="_blank" title="US dollar currency trading, currency trading, forex trading forecast, forex trading, forex trading US dollar, US economid data, Fed interest rate cut, recession" style="font-family: verdana,arial,helvetica,sans-serif;">Reuters reports on the US dollar in currency trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px;"><p style="font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"> Analysts reckoned that Wednesday's calendar was unlikely to bring any respite to the dollar, with January durable goods orders and new home sales seen easing versus the previous month and Fed chairman Ben Bernanke seen leaving the door open for further rate cuts in his semi-annual monetary policy report before the House Financial Services Committee from 1500 GMT.</font></p><span id="midArticle_4"></span> </div> 9 application/xml false currency trading Fed interest rate cut forex trading forex trading forecast forex trading US dollar recession US dollar currency trading US economic data Forex trading forecast http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.12) Gecko/20080201 Firefox/2.0.0.12 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119241 blog blogsite/GFTForex/web