U.S. Dollar Remains Pressured in Currency Trading

by Trader Rich

Greenback mostly down in forex tradingThe U.S. dollar remains largely pressured in currency trading on the FX market this morning. This has a great deal to do with the recent Fed rate cut, as well as continued concerns about the economy.

Indeed, one of the very few currencies that the greenback is gaining against in forex trading is the U.K. pound. And that is mainly due to the fact that sterling can’t seem to gain against any currency on the FX market, due to the exceptionally rough state of the British economy.

Attempts to revive the U.S. economy have failed rather miserably to this point, and it is a matter of interest as to how much the government can do to try and fix things.