Greenback gains in currency trading
The U.S. dollar is higher against the euro in forex trading on the currency market today. After falling to the euro yesterday as the stock market rallied, the dollar is getting a little bit back.
Today, the U.S. dollar is finding a bit of success thanks to the latest economic data. Numbers on personal income show that it has dropped in the U.S. Additionally, investors are rethinking yesterday’s enthusiastic rally and wondering if it was over done.
For now, the U.S. dollar is likely to see a bit of a rebound. However, if the economic recovery begins in earnest, the greenback is likely to lose ground in currency trading.
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