With a U.S. stock market rally still underway, the U.S. dollar is dropping in forex trading. Indeed, the greenback is no longer needed as a safe haven currency, and that is causing it to fall in forex trading -- especially against the euro and the pound.
Without safe haven status to buoy it up, the U.S. dollar is struggling in forex trading. Now, there is a look at the fundamentals. Even if the U.S. economy picks up, there is so much debt that it is difficult to feel overly confident about the greenback.
While things may pick up for the U.S. dollar again if the global recession continues to deepen, it will take the stock market dropping again to give the greenback some real traction in forex trading.
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