More on the U.S. Dollar, Currency Trading and Payroll Data

231797 Resource 119247 120646 120646 1241804888555 1241804888555 Controlled U.S. Payroll Data Sends U.S. Dollar Lower in Currency Trading

Greenback falters in forex trading

Good economic data is not helpful for the U.S. dollar these days. Indeed, the greenback is faltering in forex trading on the currency market on the news that non-farm payroll numbers have improved. Signs that the U.S. economy may be improving are cues to stop buying the dollar as a safe haven in currency trading. Kathy Lien reports on FX 360 about the <a href="http://www.fx360.com/commentary/kathy/1182/nonfarm-payrolls-good-for-the-economy-bad-for-the-dollar.aspx?aid=5704" target="_blank" title="dollar weakness, forex trading, greenback forex trading, euro forex tading, dollar currency trading, currency trading, U.S. dollar">connection between an improving economy and the dollar weakness</a>: <blockquote> Since risk appetite is the dominating theme in the currency market these days, the good number has prompted investors to sell the U.S. dollar and move into riskier, higher yielding currencies. </blockquote> Some of these higher yielding currencies include the euro, which is being helped in forex trading by positive <a href="tem/231795" target="_blank" title="dollar weakness, forex trading, greenback forex trading, euro forex tading, dollar currency trading, currency trading, U.S. dollar">German trade data</a>. Additionally, the down under currencies are benefitting as well. As long as focus is on recovery, and the U.S. dollar is not needed for capital preservation, it is likely to see weakness in currency trading. 9 application/xml false currency trading dollar currency trading dollar weakness euro forex tading forex trading greenback forex trading U.S. dollar More on the U.S. Dollar, Currency Trading and Payroll Data Forex trading with the greenback http://www.bloomberg.com/apps/news?pid=20601083&sid=auBVsg3IMUl8&refer=currency Greenback in Forex Trading Currency trading on the forex market http://www.fx360.com/?aid=5704 <object id="cnbcplayer" height="380" width="400" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param name="wmode" value="transparent"/> <param name="bgcolor" value="#000000"/> <param name="salign" value="lt"/> <param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1117815423/code/cnbcplayershare"/> <embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1117815423/code/cnbcplayershare" type="application/x-shockwave-flash" /> </object> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.10) Gecko/2009042315 Firefox/3.0.10 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.1.10 false true false false true 119247 blog blogsite/GFTForex/web