Currency trading with the greenbackOver the last couple of days, there has been continued support for the US dollar in forex trading on the currency market. One of the main reasons that the the greenback is seeing success in currency trading is that the eurozone economy is showing weakness.
Right now the euro is weakening in forex trading as economic data reveals that the eurozone is not immune to a slowdown. Even as the economy slows, though, inflation remains a concern, which is sowing confusion about the real situation in the eurozo (more…)
Currency trading on the FX marketThe euro is having difficulties in forex trading this morning (and the last few mornings). Thanks to recent German retail data, the euro is falling in currency trading on the FX market.
Indeed, with oil prices dropping a bit and relieving the US dollar in forex trading, and with the economy in the eurozone finally showing some problems, the euro is see difficult on the FX market.
Reuters reports on the euro in forex trading:
"The euro is no different to many (more…)
Greenback drops in forex tradingWith forex trading a little slow today (Japan is closed for Golden Week and it is a bank holiday in Britain), the US dollar is stalling in its rally in currency trading. Against the euro, the greenback is falling in forex trading on the currency market.
One of the issues facing the US dollar right now in currency trading is the fact that former Federal Reserve chair Alan Greenspan is talking about the US being in a "pale recession." And the euro is gaining strength on the belief that (more…)
Fed rate cut helps Aussie in forex tradingYesterday’s Fed rate cut helped push the Australian dollar up to 94 US cents in currency trading on the FX market. The Aussie has been doing well in forex trading on growth prospects. The Australian reports on the Aussie in forex trading:
"I’m really very bullish,'’ Mr Bennett said.
"The Australian dollar represents both a high yield and, if you like, an indirect investment into Asian growth.'’ See AlsoAussie in Forex TradingCurrency trading on the FX market (more…)
