Latest news on U.S. Dollar Gains Strength in Currency Trading
| Forex trading with the greenbackThe U.S. dollar is gaining strength in currency trading on the FX market. In forex trading, the greenback is doing especially well against the euro, moving to a seven-month high. While Gustav's impact being less than expected has helped the U.S. dollar in currency trading (due in large part to the fact that it has led to declining oil prices), there is also another factor in the greenback's rise: optimism. Bloomberg reports on the U.S. dollar, currency trading and the economy: ``There is optimism about the U.S. economy,'' said Lutz Karpowitz, a currency strategist in Frankfurt at Commerzbank AG, Germany's second-biggest lender. ``Right now it looks like dollar strength is going to continue.'' See Also
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