U.S. Dollar Forex Trading Forecast

Latest news on U.S. Dollar Forex Trading Forecast

Currency trading with the greenbackThe U.S. dollar forex trading forecast has a reasonably optimistic outlook right now. Currency trading with the greenback should consider the two following bits of information:

On the commodities market, oil prices
continue to fall. Weaker oil prices generally mean a stronger greenback.
Ben Bernanke's Friday speech indicated that he still worries about inflation, and economic data is backing up possibilities of further inflation.

The U.S. dollar in FX trading has a good chance of consolidating some of its gains and rallying further. Bloomberg reports on the U.S. dollar forex trading forecast:

``The decline in oil prices has contributed to a quasi rebound in the dollar,'' said Geoffrey Yu, a currency strategist in London at UBS AG. ``Also, what Bernanke said was less dovish than many people had expected. He's still hawkish on inflation.''

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