Forex Trading

The euro is dropping in forex trading this morning as the news comes in that things are looking uncertain for Austrian banking. A credit crisis appears to be brewing in the euro zone, and forex traders are anxious to avoid it.

As a result, euro/dollar is falling in currency trading, and it appears to be setting the stage for a U.S. dollar rally. Forex traders are turning to the greenback for its general safety and stability. The U.S. dollar is finding its legs as it is looked at as a safe haven for its stable tax payer base, but also as confidence in the U.S. economy increases and forex traders begin to consider that the fundamentals may not be so bad.

See Also

• U.S. Dollar in Forex Trading
  Currency trading news for forex traders