Comment: Trading in the forex market is usually a hard business. Being aware of where price will move next appears very simple however eludes virtually all traders. The reason behind that is that they generally don’t keep in mind all the details that’s available. Merely studying indicators and forex charts only gives only half the situatiom. To get an advantage on the marketplace details are important and knowing where to locate it is crucial. We try to bring everyone the most essential content to help you make better trading decisions.  This short article,   Forex- U.S. Dollar Struggles to Gain Ground on Holiday Trading  provides you with the most up-to-date information regarding exactly where professionals believe exchange rate will go giving you a chance to become more profitable with your live forex trading.

Investing.com – The U.S. dollar edged down against a basket of other currencies on Friday in a thinly traded day as major markets in the U.S. and Europe were closed for Easter weekend.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.01% to 89.75 as of 4:42 AM ET (8:42 GMT).

The dollar was unmoved by a flurry of economic data on Thursday that showed a strengthening U.S. economy.

The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, rose 1.6% in the 12 months through February, in line with economists’ forecast.

Another report showed that initial jobless claims dropped by 12,000 to a seasonally adjusted 215,000 for the week ended March 24, beating economists’ forecast for a drop to 230,000.

Meanwhile Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, met expectations, rising 0.2% last month, meeting economists’ forecasts.

European and U.S. markets were closed on Friday, and trading is expected to be thin.

The dollar fell to a low against the safe haven yen, with USD/JPY losing 0.23% to trade at 106.19.

The euro was higher, with EUR/USD up 0.24% to 1.2330. Meanwhile GBP/USD jumped 0.29% to 1.4059.

Elsewhere, the Australian dollar was higher, with AUD/USD rising 0.33% at 0.7701, while NZD/USD inched up 0.19% to 0.7245.

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