US Dollar Steady in Forex Trading Ahead of Ben Bernanke Testimony
Currency traders await market moving eventsThe US dollar has steadied in forex trading on the currency market ahead of Ben Bernanke’s testimony today. There is anticipation by his possible remarks on the subject of a US recession.
After rallying against the euro in currency trading, as well as gaining on other currencies, the dollar has slowed its advance. Forbes reports on the US dollar in
forex trading:
‘There is caution ahead of the two market-moving events today. First is Bernanke’s testimony and second, the ADP release. Both can potentially move the market,’ said Thomas Lam, senior treasury economist at United Overseas Bank.
See Also
- US Dollar on the Currency Market
Forex trading with world currencies
Original post by Eric J. Fox
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