Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading.

Google Subscribe ButtonMyYahoo! Subscribe ButtonWindows Live Subscribe ButtonRSS 2.0 Web Feed Subscribe Buttonwhat is this?
Excerpt from:  Foreign Exchange Rates
.
February 11, 2008

OPEC Gives Euro a Boost in Forex Trading

Currency trading with the euro
Despite talks late last week of possible interest rates cuts in the euro-zone due to slowed economic growth, the euro is gaining again in forex trading. One of the reasons that currency trading with the euro is getting a boost is due to OPEC.

According to Reuters, the oil cartel is considering switching its oil pricing away fromt he US dollar and moving it to the euro. This would force more people to use euros, making it the pre-eminent world currency.
.
PermalinkEuro in Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency trading, currency trading euro, euro forex trading, forex trading, oil cartel, OPEC, OPEC switch euro, US dollar
by mmarquit | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription