GM may not be a going concern

Foreign Exchange - Pounds Sterling and Euro Exchange Rate Outlook

The US dollar exchange rate is firmer this morning across the board as traders try to digest far too much information from hard economic data and other markets, including equities and oil. Risk aversion may be falling as specific plans are announced (in the US and UK), which normally would be viewed as dollar-negative, so for the dollar to rise on a drop in risk aversion is a good thing. It means foreign exchange traders are looking at growth prospects, something that developments in Japan are bringing back to the forefront.

Today it looks like GM may not be a "going concern," though - surely a US dollar risk.

Bye For Now

Barbara Rockefeller
Foreign Exchange Trading
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