Stock market concerns sends greenback higher in currency trading
The U.S. dollar is making gains today in currency trading. While the long-term forex trading forecast for the greenback is in doubt, short-term the dollar seems to be doing well. Most of the dollar’s gains today are coming as a result of risk aversion.
April marks the release of Quarter 1 earnings on the stock market, and things are looking pessimistic for investors. The U.S. stock market is down as the Dow struggles. This means that forex traders are looking to the greenback for a safe haven. The U.S. dollar is up in currency trading against the euro, pound, loonie and Aussie.
For now, even though things may change in the future of forex trading, it appears that dollar strength isn’t over yet.
0 comments:
Post a Comment