Things continue to look grim for the once-mighty American greenback as it continues its slide against the euro and other world currencies in online forex trading. Forex trading software is tracking the dips and slides the dollar is making around the world. According to an article posted today (12/27) on the Bloomberg.com website, "The dollar may extend its drop against the euro to a sixth day, the longest decline since October, before a U.S. government report forecast by economists to show sales of new homes fell last month. The U.S. currency was headed for a second straight yearly decline against the euro on speculation that the Federal Reserve will cut interest rates again next month. The dollar fell versus 14 of the 16 most actively traded currencies yesterday on weaker-than-forecast reports on durable goods and jobs and the slaying of Benazir Bhutto, Pakistan's former prime minister." A worsening national economy, the unending war in Iraq, and political instability abroad are all factors that will contribute to the dollar's decline in online forex trading, no matter what forex currency trading system you are employing.
