U.S. Dollar Retreats in Forex Trading

Greenback down in currency trading after Bush speechBy the end of yesterday, the U.S. dollar had edged up a bit in forex trading on the currency market. However, this morning things look a little bit different.

Right now, the greenback is down in currency trading as the speech made last night by President George W. Bush is processed and considered.

Even though the Administration and members of Congress have acknowledged some compromise on the 0 billion bailout originally submitted by Treasury Secretary Henry Paulson. Uncertainty surrounding the details of a bailout package are weighing on the U.S. dollar in forex trading.

See Also

• Greenback in Currency Trading
  Forex trading on the currency market

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