Excerpt from: Futures and Commodity News
|
 |
| September 10, 2007 | | Spread bets, CFDs and spot forex trades with the U.S. dollar | The U.S. dollar should be shorted in spread betting, contracts for differences and spot forex trading today as it struggles against other major currencies on the FX market. The U.S. dollar is reeling from weak jobs data on Friday, losing ground to the sterling, euro and yen. Forbes reports on the U.S. dollar on the FX market:
"Today was a pretty dramatic example of a broadly lower dollar," said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Conn. "The past several weeks of the credit crisis, the dollar has been trading in a mixed fashion. Today is the first sign of the dollar weakening" against the euro, pound and yen.
| | |
|
|
