Forex Trading - U.S. Budget Deficit Set to Hurt the Dollar |
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President Barack Obama's announcement that the budget deficit is set to hit $1.75 trillion or 12% of GDP is likely to lead to a bearish Dollar in the medium-long term. Meanwhile, forex traders are advised to follow constant daily developments coming out of the U.S. economy, such as the release of today's quarterly U.S. GDP figures at 13:30 GMT. These figures are likely to determine the Dollar's bullishness going into next week's trading. Economic News USD - Dollar Floats on Faltering Economy
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