213327 Resource 119247 120646 120646 1222343972500 1222343972500 Controlled Will a $700 Billion Bailout Even Help the U.S. Dollar in Currency Trading?

Greenback may still falter in FX trading -- even after the bailout

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">It seems pretty obvious that a<a href="http://www.allbusiness.com/banking-finance/banking-lending-credit-services/11550349-1.html" target="_blank" title="U.S. dollar currency trading, currency trading FX market, greenback FX trading, President Bush, bailout, U.S. dollar, forex trading"> bailout bill of some kind</a> is going to be passed by Congress, perhaps as early as next week. But will it even matter for the <a href="item/213326" target="_blank" title="U.S. dollar currency trading, currency trading FX market, greenback FX trading, President Bush, bailout, U.S. dollar, forex trading">U.S. dollar</a> in currency trading on the FX market?</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Congress keeps calling on the Bush Administration to compromise and the administration has conceded in some cases. But will the new version provide support for the greenback in FX trading?</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Some forex analysts think not. Indeed, some are rather pessimistic about the U.S. dollar going forward -- even with the weak economic data coming out of the eurozone. Bloomberg reports on <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aLqCUDdQqfZs&refer=currency" target="_blank" title="U.S. dollar currency trading, currency trading FX market, greenback FX trading, President Bush, bailout, U.S. dollar, forex trading">thoughts surrounding the bailout and the U.S. dollar in currency trading</a>:</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;"><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">``The prospects of loose fiscal and monetary conditions in a economy that's slowing rapidly is hitting the dollar, said </span><a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Simon+Derrick&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1" style="font-family: verdana,arial,helvetica,sans-serif;">Simon Derrick</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, chief currency strategist in London at Bank of New York Mellon Corp. Treasury Secretary Henry Paulson's $700 billion bank-bailout package ``may restore confidence in a lot of things but it won't restore confidence in the dollar.'' </span></font> </div> 9 application/xml false bailout currency trading FX market forex trading greenback FX trading President Bush U.S. dollar U.S. dollar currency trading A look at the bailout plan http://online.wsj.com/article/SB122226131131670949.html?mod=rss_whats_news_us_business Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.2) Gecko/2008091618 Firefox/3.0.2 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119247 blog blogsite/GFTForex/web