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Dollar Advances as China Reigns in Bank Loans

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Jan 21, 2010.

  1. forextrends24

    forextrends24 New Member

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    Today’s sample of Forex Analysis from ForexHound.com

    The U.S. Dollar advanced sharply higher on Wednesday, buoyed by the news that China was reigning in bank loans in an attempt to cool off the economy.

    The availability of easy money through government stimulus and favorable loan conditions helped fuel a huge surge in the Chinese economy. The pace of the growth is a concern for central bank officials. On Thursday, China is expected to report double-digit 4th quarter GDP growth.

    The Dollar also received a boost from the election of a Republican to a key U.S. Senate seat in Massachusetts. This event is bullish for the Dollar because some feel it may signal an end to excessive government spending that has been weakening the Greenback.

    Read full article at ForexHound.com as well more Forex Trading articles including Forex Technical Analysis and Forex Education

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.
     
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