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Forex Signals

 Weekly Forex Signals

Momentum holds U.S. dollar while sterling looks to recover

by Anthony Boyajian (Finotec Group Inc.) | Mon, Feb 8 2010, 10:55 GMT

Fundamental Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010. “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and dollar-denominated assets whenever they are worried


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