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Forex Trading News: USD Gains Strength Across the Board

Posted by Mr. Danish FX on Wed, 05/07/2008 - 2:42am in

About a half hour before the London session gets started, the USD is making moves across the board. The USD is falling off session highs as yesterday former Treasury Secretary Snow indicated that the US is not in a recession. He followed with his belief that the US may be near the end of rate cuts.

In addition, the FED's Hoenig indicates that high inflation may even cause rates to rise in the future.