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

Tuesday, 30 September 2008 19:54:20 GMT

Written by David Rodriguez, Quantitative Analyst
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. 

USD_2008-09-30

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.
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