U.S. Dollar Gains in Forex Trading
Bernanke, credit markets help greenback in currency tradingThe U.S. dollar has been making solid gains in forex trading on the currency market. One of the main helps to the greenback in currency trading has been the aftermath of Ben Bernanke’s Congressional testimony.
In his testimony, the Fed chair urged a second economic stimulus package and reaffirmed his commitment to buoying up the U.S. economy by any means possible.
Bernanke’s remarks have had a stabilizing effect on the credit markets, with the Libor and the TED spread dropping, making it easier for banks and businesses to borrow money.
See Also
- More on the U.S. Dollar in Forex Trading
Greenback in currency trading - Greenback in Currency Trading
Forex trading on the currency market
Original post by Eric J. Fox