Greenback retreats in currency trading
Yesterday, the U.S. dollar was gaining in forex trading as risk aversion sent traders looking for a safe haven. Today, the story has changed. With the stock market on the rebound and Treasury secretary Timothy Geithner sounding optimistic, risk aversion is making an appearance.
Right now, dollar bears are in control, sending the greenback lower in currency trading on the FX market. With focus back on a stock market that is rebounding, and concern about the fundamentals of debt in the economy are a major issue.
However, true economic recovery is a long way off. Before the recession actually ends, we are likely to see some more see-sawing on the financial markets.
See Also
- More on the U.S. Dollar and the Stock Market
The dollar and the markets - U.S. Dollar Forex Trading
Currency trading on the FX market