U.S. Dollar Takes Breather in Forex Trading

Currency trading on the FX marketThe [B]U.S. dollar[/B] appears to be taking a breather in forex trading on the currency market today. The greenback is mixed in currency trading as the euro and the sterling both head a little bit higher.

Risk appetite is helping matters a bit as Asian and European stocks move higher. However, things may not remain so rosy for the high beta [B]currencies[/B].

Fundamentally, the U.S. is in a better place right now, and that could mean that the gains by the sterling and euro in forex trading are more of a correction due to being oversold against the [B]U.S. dollar[/B] than a long-standing trend.

[B]See Also[/B]

[ul]
[li]Currencies and the FX Market[/li]Forex trading on the currency market
[/ul]

Interesting piece of news.

Best Regards,
Matt Jones .