Forex Trading - U.S. Budget Deficit Set to Hurt the Dollar

Posted by

February 27, 2009

President Barack Obama’s announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments coming out of the U.S. economy, such as the release of today’s quarterly U.S. GDP figures at 13:30 GMT. These figures are likely to determine the Dollar’s bullishness going into next week’s trading. Economic News USD - Dollar Floats on Faltering Economy
Related PostsBest Forex Robot Reviews - Invest With the BestBest Forex Robot Reviews - Invest With the Best19 viewsBefore starting your investment venture in th…Forex Autocash Robot - The Complete Forex AutoCash Robot ReviewForex Autocash Robot is an automated robot that trades based on RPTI or Reverse Price Trade Interval…US Dollar Finds Support - Is it Ready to Reverse Higher?The US Dollar reached critical resistance last week having rallied [...]

Original post by Forex Info Center