U.S. Dollar Gains This Morning in Currency Trading

September 19, 2008 by Trader Rich

Forex trading with the greenbackFollowing the lead of the U.S. stock market, which is soaring, the U.S. dollar is moving forward in currency trading on the FX market. After floundering for a couple of days on the bad news of the U.S. financial sector, things are turning around as the government announces a massive bailout, right on the heels of liquidity measures.

In a show that the government will not let the financial sector and the stock market fail, President Bush addressed the economic crisis this morning, attempting to reassure the public and point out that the government is doing what it can to shore up the financial system.

This in turn is giving a jolt of confidence in forex trading to the greenback, which is rallying rather respectably.