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| | Tue, 06 Jan 2009 09:10:40 -0500 | | Forex trading with the greenbackThe U.S. dollar rally continues in currency trading on the FX market. Hope of economic stimulus continues to help in forex trading as the greenback moves higher on optimism about where the U.S. economy is headed.
Right now, the greenback is mostly up against other major currencies (the Canadian dollar being an exception). Even with oil prices gaining, the greenback remains strong against the euro in forex trading.
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| | Mon, 05 Jan 2009 12:25:56 -0500 | | Euro interest rate cut expectedRight now, euro weakness in forex trading could be worth more attention that the continued U.S. dollar rally. This is because the euro zone appears to be threatened on a number of levels by economic data.
Right now, deflation is one of the major concerns for the euro in forex trading. Instead of holding steady -- or even raising -- when it comes to euro zone interest rates, cuts are back on the table. Action Forex reports on the euro in forex trading:
Euro's rally in Dec was fueled by speculation that ECB will pause rate cutting in Jan but markets are getting increasingly doubtful on this. More Euro long positions are closed after ECB Vice-President Papademo's comment that deflation is becoming a convern and ECB will "do what is necessary, in terms of the timing and in terms of the size (of interest rate policy action) to ensure that price stability is preserved."
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