The Pressure is on for G7 Action

214173 Resource 119232 120646 120646 1223643801994 1223643801994 Controlled Global Markets Decline, Boosting U.S. Dollar in Currency Trading

Greenback up against the euro in forex trading

It's been a bit of a wild ride. Okay, it's been a lot of a wild ride. And we're not done yet. Even with frantic <a href="http://www.fxstreet.com/fundamental/analysis-reports/friday-notes/2008-10-10.html" target="_blank" title="eurozone, U.S. dollar currency trading, euro forex trading, FX market, forex trading, currency trading, recession">efforts by various governments around the world</a> to stem the rising tide, things seem to get worse. As global markets decline, the U.S. dollar gains in currency trading. Once suffering from weakness, it is apparent that even with the U.S. economy in its current state, the greenback is one of the stronger currencies on the FX market right now. Against the euro in forex trading, the dollar is gaining ground again after a very brief respite yesterday. And <a href="http://money.cnn.com/2008/10/10/news/economy/euro_falls.ap/index.htm" target="_blank" title="eurozone, U.S. dollar currency trading, euro forex trading, FX market, forex trading, currency trading, recession">CNN Money reports that recession is considered all but a foregone conclusion for the eurozone</a>: <div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;">"The winds of recession we portended last month have transformed into a full-blown storm spreading across the (European) continent," said Aurelio Maccario, an economist with UniCredit."No banking system and no economy appears safe, and it is now common belief that a recessionary scenario is in the cards also for the euro area."</div> 9 application/xml false currency trading euro forex trading eurozone forex trading FX market recession U.S. dollar currency trading The Pressure is on for G7 Action Markets want more from world leaders http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/pressure-for-g7-action-2008101063825/ U.S. Dollar in Currency Trading Forex trading with world currencies 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