Forex Trading Forecast: U.S. Dollar
by Trader Rich
Greenback could sell off in currency trading on global interest rate cutThe euro has found support in forex trading as the global interest rate cut takes effect. The forex trading forecast for the U.S. dollar is one that may see some selling off after a couple weeks of rather dramatic gains.
Bloomberg reports on the reasoning behind a possible U.S. dollar sell off:
“This is very good for markets at this moment,” said Geoffrey Yu, London-based foreign-exchange strategist at UBS AG. “The dollar might sell off a bit because it has been considered a safe haven.”
See Also
- Will the Greenback Remain Down in Currency Trading?
The case for a forex trading comeback for the U.S. dollar - Forex Trading and the U.S. Dollar
Currency trading on the FX market
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