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03-22-2010, 03:13 PM #1
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U.S. Dollar Climbs in Forex Trading on Uncertainty
Greenback higher in currency tradingThe U.S. dollar is moving higher in forex trading as uncertainty takes hold of the markets. There is a laundry list of reasons that the greenback is making gains in currency trading today, including:
- Passage of healthcare reform in the U.S. is making investors jittery.
- A pan-European Greek financial solution is taking a blow as Nicolas Sarkozy loses in regional elections in France.
- China is considering withdrawing economic stimulus.
- India offered a surprise rate hike over the weekend.
It's getting messy out there, and investors are once again looking for capital preservation in the safety of the U.S. dollar.
- Greenback in Currency Trading
Forex trading on the currency market
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