US Dollar Mostly Lower in Forex Trading

Risk appetite makes an appearance

A small amount of risk appetite is sending the US dollar lower today in forex trading. Greenback is lower is currency trading pretty much across the board, dropping as forex traders show some hope regarding the eurozone.

Even though the meeting between Sarkozy and Merkel didn’t result in any major announcement, or changes, there is some hope for what might be next. After all, the US economy is on the mend, and many believe that European leaders won’t let the euro completely fail.

As a result, the US dollar is being edged out today. The gains against the dollar are not large; many currencies are only a couple of pips higher. As a result, it’s important to remember that the situation could change at any time. 

See Also

• What’s Next in Forex Trading?
  Currency trading news and information