Excerpt from: Forex Forecast
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| September 28, 2007 | | Euro zone currency to continue gains on FX market | The euro forex trading forecast looks positive, with the euro zone currency expected to continue its gains on the FX market. With U.S. economic data indicating that a Fed rate cut may be necessary again before the end of the year (and maybe even next month), the euro is looking strong in forex trading. Reuters reports on the euro zone currency on the FX market:
"I think the euro is going to continue to hit record highs
against the dollar. The underlying forces that have driven the
euro to these levels such as rate differentials have shown no
signs of abating," said Simon Derrick, head of currency research
at Bank of New York Mellon. | Topic Tags: euro forex trading, euro zone currency, Fed rate cut, forex trading, forex trading forecast, FX market, U.S. economic data | |
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