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Excerpt from:  FX Rates
.
January 24, 2008

Euro Recovers in Forex Trading

Euro regains footing on FX market
The euro is gaining against the U.S. dollar in currency trading this morning as worries over an ECB rate cut subside. Reuters reports on the euro in forex trading:

The euro strengthened against the dollar and yen on Thursday after tough talk on inflation from European Central Bank policymaker Axel Weber dampened expectations of a possible near-term interest rate cut.
Topic Tags:  currency trading, ECB rate cut, euro forex trading, forex trading, FX market, U.S. dollar currency trading

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