The US Dollar in Currency Trading

204705 Resource 119247 120646 120646 1211460221209 1211460221209 Controlled Oil Prices, US Dollar and Forex Trading Strategy

How will rising oil prices affect the dollar in currency trading?

One of the questions that many have right now is how oil prices should affect US dollar forex trading strategy. While oil prices and the dollar in currency trading normally move inversely to each other, there are a couple of ideas of how this might affect things. <a href="http://www.reuters.com/article/usDollarRpt/idUSL2267299020080522" target="_blank" title="oil prices, US dollar forex trading, dollar currency trading, forex trading strategy, dollar forex strategy, currency trading, forex trading" style="font-family: verdana,arial,helvetica,sans-serif;">Reuters reports on the different ideas regarding the oil prices and the US dollar in forex trading</a>: <div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"> "People are in two minds about what oil prices will do for the dollar," said Chris Turner, head of FX strategy at ING. "It can lead to more diversification from central banks and lead them to adjust their reserves out of dollars. But stagflation...can also turn the focus of the Fed to deprioritise growth and focus on inflation, increasing the prospects of higher rates and a dollar supportive yield curve."</div> 9 application/xml false currency trading dollar currency trading dollar forex strategy forex trading forex trading strategy oil prices US dollar forex trading The US Dollar in Currency Trading Forex trading with world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119247 blog blogsite/GFTForex/web