More Thoughts on the Dollar in Currency Trading

222672 Resource 119232 120646 120646 1231175454490 1231175762583 Controlled U.S. Dollar Gains in Currency Trading

Greenback surges against euro in forex trading

The <a title="U.S. dollar, euro forex trading, dollar currency trading, currency trading FX market, Barack Obama, economic stimulus, U.S. economy, tax cuts" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aa7ZEWgitnJs&refer=currency">U.S. dollar is making solid gains</a> in currency trading on the FX market this morning. The greenback is surging against the euro in forex trading as news of President-elect Barack Obama's economic stimulus plan inspires some optimism for the U.S. economy. Indeed, there is a <a href="http://www.babypips.com/blogs/currency_currents/were_bullish_on_the_us_dollar.html" target="_blank" title="Barack Obama, currency trading FX market, dollar currency trading, economic stimulus, euro forex trading, tax cuts, U.S. dollar, U.S. economy">certain amount of bullishness for the U.S. dollar</a> right now, due to hopes for the future. (After all, no matter how bad things get for the U.S. economy, chances are that everyone else is worse off...) Expectations that the U.S. economy could begin recovering in the latter part of 2009 are prompting a return to some risk appetite (albeit somewhat cautiously) and providing a reason for investment in some riskier assets. (<a title="U.S. dollar, euro forex trading, dollar currency trading, currency trading FX market, Barack Obama, economic stimulus, U.S. economy, tax cuts" target="_blank" href="http://blog.gftuk.com/public/item/222666">U.S. stocks, however, remain mixed</a> this morning.) The main points that Obama addressed for economic stimulus include: <ol style="font-family: verdana,arial,helvetica,sans-serif;"><li>Rebuilding America's crumbling infrastructure.</li><li>Investing in renewable energy and technology.</li><li>Tax cuts.</li></ol>The first two items are meant to encourage job growth and stymie the growing unemployment rate. Job loss continues to help fuel the foreclosure crisis and contribute to lower consumer spending. The third item, tax cuts, are designed to provide more money for consumers so that they will spend it, turning the wheels of the economy. 9 application/xml false Barack Obama currency trading FX market dollar currency trading economic stimulus euro forex trading tax cuts U.S. dollar U.S. economy More Thoughts on the Dollar in Currency Trading Is the greenback being devalued? http://www.forexblog.org/2009/01/consensus-fed-is-devaluing-dollar.html Greenback in Forex Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 <script type="text/javascript" src="http://www.sociofluid.com/sf.php?widget=124320-000103040b0d0e1011"></script><noscript><a href="http://www.sociofluid.com/">SocioFluid</a></noscript> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119232 blog blogsite/GFTForex/web