U.S. Dollar Remains Weak in Currency Trading

Euro edges higher in forex tradingEven after major central banks from around the world have agreed to add liquidity to the markets, things are still somewhat weak for the U.S. dollar in currency trading on the FX market. The euro is edging higher in forex trading as it consolidates its gains.

Part of the problem with the greenback in FX trading is the fact that economic data is still weak. Additionally, there are worries that another major bank could fail. Some banks, like Washington Mutual, are considering auctioning themselves off to stem the blood loss. As a result there is still a certain wariness associated with the U.S. dollar in currency trading.

However, the move by the central banks seems to have stabilized things for now.

See Also

• More on the Central Banks and the U.S. Dollar in Currency Trading
  Happenings on the FX market
• Greenback in FX Trading
  Currency trading on the FX market

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