Excerpt from: Futures and Commodity News
|
 |
| July 16, 2007 | | Spread bets, CFDs and spot forex trades and the U.S. dollar | Spread bets, CFDs and spot forex trades should consider shorting the U.S. dollar on the spot forex market. The U.S. dollar is down against other major currencies in spot forex trading as economic news continues to put a damper on performance. Reuters reports on the U.S. dollar on the spot forex market:
"For the moment, the outlook isn't very favourable to the
dollar ... as long as longer-term yields in the U.S. remain
(relatively) low," said Roberto Mialich, currency strategist at
Unicredit-MIB in Milan. "Many currencies are appreciating
quickly, almost exclusively against the dollar. We expect the
dollar to remain under siege. There's no incentive right now to
reverse the trend." | | |
|
|
