| Sep 2 2010, 21:35:55 GMT | Sydney: | 07:35 | Tokyo: | 06:35 | Barcelona: | 23:35 | London: | 22:35 | New York: | 17:35 | San Francisco: | 14:35 |
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This strange U.S. forex trading forecast is due in large part to the fact that the U.S. is seen as a bellwether for the global economy. If the U.S. starts recovering, and consumers start spending again, the rest of the world is expected to do well also. And that means more risk can be taken, and the greenback won't be *needed* as a safe haven currency.
Indeed, the U.S. dollar is already retreating on the news that TARP funds are to be released and Bank of America is to get a bailout. Risk appetite is making a tentative comeback, and that means that a better economy means a falling U.S. dollar.
Seems a little counterintuitive, doesn't it?
See Also
- U.S. Dollar Forex Trading Forecast
Currency trading on the FX market
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