U.S. Dollar Forex Trading Forecast

What’s next for the greenback in currency trading?

Today, the U.S. dollar is a little bit higher in currency trading on the FX market. The euro opened a little higher today, but that was quickly overcome as concerns about Greek debt resurfaced, and due to light trading in general.

However, the U.S. dollar forex trading forecast may not be that great going forward. The U.S. dollar may be up across the board today, but that could easily change in the near future, since there are concerns about U.S. sovereign debt.

In the near term, some expect that the U.S. dollar will see success. There are more immediate worries in other areas of the world, and general uncertainty will give the greenback a boost in currency trading. How the dollar does long term is likely to be impacted by what happens next in the budget battle, and whether or not headway is made with the growing U.S. deficit.

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