U.S. Dollar Down in Forex Trading

Greenback in currency tradingThe U.S. dollar is down in forex trading this morning as markets wait for further details surrounding a revised U.S. bank bailout plan. While the downward move by the greenback in currency trading was initially slow, things are picking up just a bit right now.

U.S. dollar is dropping against the U.K. pound and the euro in forex trading this morning. Inflation is helping the pound, and the greenback was considered overbought against the euro.

Things could change, though, after Secretary Paulson’s remarks about the economy, the bank plan and any other matters he chooses to discuss.

See Also

• More on the Revised Bank Bailout Plan
  Expected effects of the bailout on the economy
• Greenback in Currency Trading
  Forex trading with world currencies

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