224180 Resource 119232 120646 120646 1232460663111 1232496055917 Controlled Inauguration of Barack Obama Lends Strength to Dollar in Forex Trading

Greenback higher as demand for safe haven currency increases

<br /><font size="2" style="font-family: verdana,arial,helvetica,sans-serif;">Today, <span style="font-weight: bold;">Barack Obama will be sworn in as President of the United States of America</span>. There are, perhaps, few in American history that are burdened with the same expectations falling to Obama. And, as global recession mounts, he is likely to be seen as primarily responsible for the <span style="font-weight: bold;">recovery of the U.S. economy</span>. So it is with mixed feelings that the <a title="U.S. dollar trading, forex trading, safe haven, currency, greenback currency, U.S. economy, Barack Obama, U.S. dollar, recession" target="_blank" href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/stronger-dollar-due-to-fears-and-today%27s-u.s-historical-inauguration-2009012075643/">U.S. dollar strengthens in forex trading</a> today.<br /><br />Indeed, the U.S. dollar is gaining against the <a title="U.S. dollar trading, forex trading, safe haven, currency, greenback currency, U.S. economy, Barack Obama, U.S. dollar, recession" target="_blank" href="item/224037">U.K. pound</a> and the <span style="font-weight: bold;">euro in forex trading</span>, but this is due to a number of factors. Even Barack Obama has said that the U.S. economy will need time to recover, and this is providing reasoning for many that the <span style="font-weight: bold;">greenback would make a good safe haven currency</span>, since it will be some time before the global recession makes a turnaround -- and when it starts happening, the dollar is likely to be pre-eminent.<br /><br />Another issue is that many hope that the policies that Barack Obama promises to enact will prop up the <span style="font-weight: bold;">U.S. economy</span> and provide for a secure future. However, this may not happen, since huge deficits are expected in coming years, and that is not the way to fundamentally support the dollar. As the global recession ends and the world economy comes back online in coming years, <span style="font-weight: bold;">the dollar will likely return to weakness</span>.</font><br /> 9 application/xml false Barack Obama currency forex trading greenback currency recession safe haven U.S. dollar U.S. dollar trading U.S. economy Places to watch history as it is made http://newteevee.com/2009/01/14/where-to-watch-obamas-inauguration-online/ Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 <script type="text/javascript" src="http://tools.tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url ='http://forex.gftforex.com/public/item/item/224180'; evb_big(evb_url); </script> 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