US Dollar Forecast to Advance versus Euro, British Pound according to Forex Trading Signals

Published September 30th, 2008 - 11:54 GMT
Al Bawaba
Al Bawaba
Our Forex Trading signals forecast that the US dollar will rally against the Euro, British Pound, and the Swiss Franc through short-term currency trading. Indeed, the trading signals sold the EURUSD at 1.4319 and 1.4331—a prescient move given the subsequent tumble to the downside. Such a view is consistent with a recent correction in long-term US and European interest rate forecasts, and it semes th at recent stresses in financial markets may actually benefit the US dollar through the medium term. 



Keep track of these US Dollar trading signals and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.

For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.