219317 Resource 119247 120646 120646 1228225087795 1228225087795 Controlled Will Timothy Geithner be Good for the Currency Market?

Strong dollar policy? Certainty in the FX market? We'll have to see

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">One of the confidence-inspiring pieces of news from a few days ago was that Timothy Geithner, president of the New York Federal Reserve, would be Treasury Secretary under the new Barack Obama administration. This has produced some hopeful optimism in the stock market, but it has also influenced things in currency 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;">Dollar bulls like his grounding in a strong dollar policy, something that marked the Treasury Department that he worked for under Bill Clinton. And the currency market likes that he actually </span><span style="font-style: italic; font-family: verdana,arial,helvetica,sans-serif;">understands</span><span style="font-family: verdana,arial,helvetica,sans-serif;"> how currency trading works. <a href="http://www.forexblog.org/2008/12/new-treasury-se.html" target="_blank" title="Timothy Geithner, forex blog, FX market, currency market, currency trading, stock market, dollar bulls, strong dollar policy">The Forex Blog offers this about Timothy Geithner</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-family: verdana,arial,helvetica,sans-serif;"><font size="2">Regardless, the consensus among analysts is that Geithner understands currency markets, and is not likely to take steps that will rattle them. This would mark a sharp break from his predecessor Henry Paulson, whose bungling of the economic bailout has given rise to record levels of volatility (read: uncertainty) in forex and financial markets.</font></div> 9 application/xml false currency market currency trading dollar bulls forex blog FX market stock market strong dollar policy Timothy Geithner The FX market and 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:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119247 blog blogsite/GFTForex/web