U.S. Dollar Heads Higher in Currency Trading

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U.S. Dollar Heads Higher in Currency Trading

Original publication: February 23, 2010

Forex trading on the currency market

The U.S. dollar is heading higher in currency trading on the FX market today. Risk appetite is fading right now as global equities retreat, and economic data from around the world causes a reduction in global economic confidence.

Even after last week's discount rate hike, some members of the Federal Reserve Board have been making dovish comments. Additionally, commodities like gold and oil are lower today, equities are lower in Asia and Europe.

Another issue is the weakness of the German Ifo. As a result, it appears that investors are looking for a little bit of safety today, and that is driving them to the U.S. dollar.

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Economic Data and the Currency Market
Currency trading on the FX market

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