213393 Resource 119241 120646 120646 1222433302716 1222433302716 Controlled U.S. Dollar Forex Trading Forecast

Dollar expected to strengthen as bailout (finally) passes

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Right now, there is a revolt going on in Congress. After ostensibly reaching a deal on the $700 billion bailout, fiscal conservatives have <a href="http://www.mirror.co.uk/news/top-stories/2008/09/26/deadlock-washington-talks-over-700billion-bank-bail-out-stall-115875-20753119/" target="_blank" title="U.S. dollar, U.S. dollar forex trading, forex trading forecast, $700 billion bailout, Congress, currency trading">forced the plan to stall</a>. However, this isn't bringing the U.S. dollar seriously down in the forex trading forecast.</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;">The main reason for this is that the assumption is that at some point the bailout package will pass Congress. And when it does, many analysts expect it to be <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aHdnL_Mx7PIo&refer=currency" target="_blank" title="U.S. dollar, U.S. dollar forex trading, forex trading forecast, $700 billion bailout, Congress, currency trading">positive for the U.S. dollar</a>, reports Bloomberg:</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;">``We expect the dollar to gain more support upon a successful vote on the bailout package,'' wrote Stamford-based </span><a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Brian+Kim&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;">Brian Kim</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, a currency strategist at UBS AG, in a research note dated Sept. 25. ``Continuing foreign central bank demand for Treasuries will be dollar-supportive.'' </span></font> </div> 9 application/xml false $700 billion bailout Congress currency trading forex trading forecast U.S. dollar U.S. dollar forex trading 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 119241 blog blogsite/GFTForex/web