Currency trading with the U.S. dollarThe [B]U.S. dollar[/B] is down against the euro today in forex trading. The dollar index has been losing ground as the risk trade asserts itself on the FX market. In currency trading, the U.S. dollar is weakening, and matters aren’t being helped by the idea that earnings are expected to show marked improvement as they start rolling in from the fourth quarter of 2009, further boosting the [B]risk trade[/B].
Another item helping risk is the fact that the Chinese trade balance is quite positive. Many expect that China will lead the [B]global economic recovery[/B], and this could be an indication that things are ready to improve.
The euro is paring its gains in forex trading, though, since the [B]U.S. stock market[/B] is knocking the risk trade a little off balance, but overall, the 16-nation currency is expected to do reasonably well in the coming weeks.
[B]See Also[/B]
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[li]Looking for Trends in Forex Trading[/li]Currency trading on the FX market
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