Currency trading with the greenbackThe U.S. dollar is finding stability in [B]forex trading [/B]on the currency market today. After yesterday’s U.S. dollar struggles, the greenback is taking a bit of a breather.
Indeed, yesterday’s risk rally, in which European currencies moved higher and commodities made a run, has come to a close. Now [B]forex traders[/B] and other investors are taking stock of the situation, and things are calming down.
For now, there is likely to be some consolidation. The news out of Australia, not to mention the large decline in consumer credit, is an indication that consumers in developed countries are retrenching, and that [B]it may take some time to reach a new level of global growth.[/B]
[B]See Also[/B]
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[li]Currency Trading with the Greenback[/li]Forex trading on the currency market
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