223042 Resource 119232 120646 120646 1231342554994 1231342554994 Controlled Is The U.S. Dollar Rally Over in Forex Trading?

Greenback falls in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="item/222881" target="_blank" title="U.S. dollar rally, currency trading, forex trading, greenback currency trading, U.S. dollar forex trading, economy, recession, FOMC">U.S. dollar rally</a> that has been going fairly strong for the last couple of months is showing some signs of trouble. The <a href="http://www.actionforex.com/action-insight/market-overview/mid%11day-report%3a-dollar-weakens-further-after-poor-job-data-2009010774211/" target="_blank" title="U.S. dollar rally, currency trading, forex trading, greenback currency trading, U.S. dollar forex trading, economy, recession, FOMC">greenback is falling in currency trading</a> as news emerges about how confident the Fed is in the <span style="font-weight: bold;">economy</span>.</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;">Indeed, with the latest <span style="font-weight: bold;">FOMC</span> meeting minutes released, it is clear that the <a href="http://blog.gftuk.com/public/item/223038" target="_blank" title="U.S. dollar rally, currency trading, forex trading, greenback currency trading, U.S. dollar forex trading, economy, recession, FOMC">Federal Reserve sees further contraction ahead</a>. (Enter additional speculation regarding a <a href="item/218579" target="_blank" title="U.S. dollar rally, currency trading, forex trading, greenback currency trading, U.S. dollar forex trading, economy, recession, FOMC">0% Fed rate</a>.) At any rate, on the news regarding the economy, the <span style="font-weight: bold;">U.S. dollar</span> is pulling back against the <span style="font-weight: bold;">euro in forex trading</span> -- and against some of the other majors as well.</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;">Other economic data that is weighing on the U.S. dollar includes:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><ul style="font-family: verdana,arial,helvetica,sans-serif;"><li><font size="2">Increased <span style="font-weight: bold;">jobs cuts</span>.</font></li><li><font size="2">Consumer confidence.</font></li><li><font size="2">Housing market.</font></li></ul><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Many analysts and experts are wondering if recovery from the <span style="font-weight: bold;">recession</span> may take longer than many originally expected -- even with help from an <a href="http://www.allbusiness.com/government/elections-politics-campaigns/11736550-1.html" target="_blank" title="U.S. dollar rally, currency trading, forex trading, greenback currency trading, U.S. dollar forex trading, economy, recession, FOMC">economic stimulus plan</a> recently unveiled by <span style="font-weight: bold;">Barack Obama</span>.</span></font><br /><br /> 9 application/xml false currency trading economy euro forex trading FOMC forex trading greenback currency trading recession U.S. dollar forex trading U.S. dollar rally Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 <!--SocioFluid--><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><!--SocioFluid--> 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