U.S. Dollar Downtrend Expected to Continue on the Spot Forex Market

Subprime lending woes continue to afflict the U.S. economy, bringing the U.S. dollar down on the spot forex market. Spread bets, CFDs and spot forex trading with the U.S. dollar should consider shorting, since the greenback is unlikely to recover anytime soon. Between the economic news, and larger gaps in interest rates differentials, the U.S. dollar is expected to remain in a downtrend, according to Forbes:

GFT senior analyst Ian Copsey said: 'Overall, the US dollar downtrend remains intact, and this is unlikely to be reversed.'