U.S. Dollar Moves Lower in Currency Trading

Worries about banks put pressure on the greenback in forex tradingThe U.S. dollar is moving lower in currency trading on the FX market this morning. Even though the Citi bailout is giving hope to the stock market, things aren’t looking as good for the greenback against the euro in forex trading.

The Citi bailout has instead re-ignited worries that the U.S. banking sector remains in trouble. With yet another major bank going to the government for help, speculation remains that the entire U.S. financial system hangs by a thread.

Some of the main points of the Citi bailout include:

• billion infusion
• 6 billion of Citi’s assets guaranteed
• Limits on dividend payments
• Government control of executive compensation

See Also

• U.S. Dollar in Currency Trading
  Forex trading with world currencies
• More on the Citi Rescue
  Investors and the Citi bailout

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