Forex trading with the greenbackThe [B]U.S. dollar[/B] is starting this week higher in currency trading on the FX market. This week’s start follows on the heels of Friday’s bounce in forex trading for the greenback.
Indeed, there are a number of factors leading to a higher U.S. dollar in currency trading. GFT’s [B]Boris Schlossberg[/B] offers this on why the greenback is bullish today:
The dollar started the week on bullish note rising against all the majors on the back of hawkish comments from St Louis Reserve President James Bullard and some downbeat news from Europe and UK. In remarks made in front of the National Association of Business Economics, [B]Mr. Bullard suggested that inflation may be a greater concern than the market believes[/B] despite the wide output gap.
The fact that policymakers in the U.S., and around the world, have spoken recently in support of a strong U.S. dollar is helping matters, since it is clear that, despite calls for another reserve currency, for now the dollar is still preferred.
[B]See Also[/B]
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[li]A Look at Currency Trading on the FX Market[/li]Forex trading with world currencies
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