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U.S. Dollar Lower in Rangebound Forex Trading

by on Sunday, January 3rd, 2010 | No Comments

Currency trading on the FX market

The U.S. dollar is lower in rangebound forex trading this morning as investors look to the week ahead with some optimism. The Santa Claus rally is expected to help U.S. stocks, and futures are already pointing to a higher open.

Additionally, forex traders are looking to lock in a few gains, and major currencies are up against the greenback. The euro and the pound are both higher in currency trading on the FX market, and even the yen is up slightly against the greenback.

However, big moves are not expected in any market this week, with things likely to be rather staid for the most part.

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Posted in Forex Trading

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