Greenback drops versus most major currenciesThe U.S. dollar is still exhibiting weakness against the Canadian dollar in forex trading, as well as against the U.K. pound and the euro. Even with housing starts up slightly, there are still concerns about the U.S. dollar. With that being the case, U.S. dollar weakness remains among the top forex trading stories. Reuters reports on the greenback in currency trading:
"That has a lot to do with rumors of an imminent U.S. rate cut, and that’s the result of increased concerns about the credit market in the U.S.," said Matthew Strauss, senior currency strategist at RBC Capital Markets.
See Also
U.S. Dollar Weakness in Forex TradingCurrency trading with GFT
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