Currency trading with the greenbackThe [B]U.S. dollar[/B] is moving lower in forex trading on the currency market today, falling as events in Europe spark risk appetite. Greek rescue hopesare likely to follow ECB president [B]Jean Claude Trichet[/B] from Sydney, and that is sparking a rally in high beta currencies.
Also sending the dollar lower is the fact that the sterling and the euro have been oversold in [B]forex trading[/B] for sometime, and a natural correction is expected.
In currency trading, the greenback is also under pressure as oil prices and gold prices head higher. The dollar traditionally moves inversely to these [B]commodities[/B], and it appears that the two are putting pressure on the U.S. dollar in forex trading.
[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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