236979 Resource 119247 120646 120646 1249310722827 1249310722827 Controlled U.S. Dollar Falls in Forex Trading

Greenback down in currency trading as optimism brings risk appetite

<p><font size="2" face="verdana,arial,helvetica,sans-serif">The <b>U.S. dollar</b> is falling in forex trading on the currency market today as risk appetite makes an appearance. This optimism over the global economy began last week, and is carrying over into the first trading day of August. <a href="http://www.fxstreet.com/fundamental/market-view/fundamental-currenciescomments/2009-08-03.v02.html" target="_blank" title="U.S. dollar, forex trading, dollar forex trading, greenback currency trading, currency trading, risk appetite, currency market, recession">FX Street reports on some of the factors instilling confidence in forex traders</a>:</font></p> <blockquote> <p><font size="2" face="verdana,arial,helvetica,sans-serif">The <b>U.S. dollar weakened against majors, on optimism in markets</b> that started last week, more specifically, after the release of the GDP in the U.S. which came better than expected. Investors have now more risk appetite on speculations their economies are recovering. On the other hand, large companies and banks are still releasing their earnings, <b>which are coming better than analyst's forecasted</b>.</font></p> </blockquote> <p> <font size="2" face="verdana,arial,helvetica,sans-serif">With hope for the <a href="http://blog.gftuk.com/public/item/236977" target="_blank" title="U.S. dollar, forex trading, dollar forex trading, greenback currency trading, currency trading, risk appetite, currency market, recession">U.S. stock market</a> (which is rallying today) and commodities, there is little need for the U.S. dollar. Indeed, the greenback has been a safe haven in <b>currency trading</b>, used for capital preservation, these last few months. Now that <b>forex traders</b> and others are feeling more confident about the economy, it is little surprise that the U.S. dollar is falling.</font><br /></p> 9 application/xml false currency market currency trading dollar forex trading forex traders forex trading greenback currency trading recession risk appetite U.S. dollar Forex trading on the currency market http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.12) Gecko/2009070609 Firefox/3.0.12 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 119247 blog blogsite/GFTForex/web