213940 Resource 119232 120646 120646 1223397066739 1223397066739 Controlled Euro Makes Up Some Ground in Forex Trading

U.S. dollar drops in currency trading on latest liquidity move

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">There is an </span><a id="zua." href="http://blog.gftuk.com/public/item/213934" target="_blank" title="Fed cut rates, U.S. dollar currency trading, currency trading, euro forex trading, forex trading, commercial paper" style="font-family: verdana,arial,helvetica,sans-serif;">expectation that the Fed will cut rates</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, and that, along with the plan by the </span><a id="rh82" href="http://www.fxstreet.com/fundamental/analysis-reports/special-coverage/2008-10-07.v02.html" target="_blank" title="Fed cut rates, U.S. dollar currency trading, currency trading, euro forex trading, forex trading, commercial paper" style="font-family: verdana,arial,helvetica,sans-serif;">Fed to buy up &quot;commercial paper,&quot;</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> is causing the U.S. dollar to drop in currency trading. This is an opportunity for the euro to make up some of the ground it has ceded recently in forex trading. And the euro is trying to do just that.</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;">However, if the current efforts by the U.S. government work, it is possible that the </span><a id="ovom" href="http://www.actionforex.com/action-insight/eurusd-outlook/eur%10usd-mid%11day-outlook-2008100763266/" target="_blank" title="Fed cut rates, U.S. dollar currency trading, currency trading, euro forex trading, forex trading, commercial paper" style="font-family: verdana,arial,helvetica,sans-serif;">euro's current moves</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> will amount to little more than consolidation. With things as volatile as they are, it is anyone's guess as to what could happen next.</span></font> 9 application/xml false commercial paper currency trading euro forex trading Fed cut rates forex trading U.S. dollar currency 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:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web