Currency trading with the greenback
The U.S. dollar is mixed in forex trading today. While up against the Japanese yen, the greenback is down against the euro in currency trading. Even with euro zone economic data showing that deflation is becoming a concern, the euro has managed to maintain its hold in currency trading.
For the sterling in forex trading, though, the same is not true. The U.K. pound has moved into negative territory against the U.S. dollar. Thanks to GDP data that shows the biggest economic contraction in 50 years, the sterling is down in forex trading against the dollar, losing all of its earlier gains on the day.
Things are likely to remain a bit mixed today in forex trading. More data is expected, but the shortened holiday week for the U.S. means that many investors are not making dramatic changes.
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