More Gains for the US Dollar in Currency Trading
Greenback heads for weekly gain against the euro in forex tradingAs the G8 meeting gets underway today, the US dollar continues to build solid gains in currency trading on the FX market. The greenback is poised for a huge weekly gain against the euro in forex trading, as it heads down through the $1.54 mark.
Much of the dollar’s success
in currency trading is coming from economic info that showed strong retail sales in May. Consumer price inflation is due in that dawn, and that could additionally supply some support for the greenback in forex trading.
See Also
- Greenback v. Euro in Forex Trading
Currency trading on the FX market
Original post by Eric J. Fox