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Excerpt from:  GFT Analysts in the News
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April 24, 2008

Euro Drops in Forex Trading

Euro falls to US dollar in currency trading
The euro is pulling back in forex trading on the currency market this morning as worries of the economy in the euro zone take hold.

The German IFO busines confidence report is causing problems for the euro, since it is showing that confidence's in Europe's largest economy is waning.

European Central Bank officials are also moderating their hawkish tones on interest rates, and this is also affecting the euro in forex trading.
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PermalinkEuro in Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency market, currency trading, euro forex trading, European Central Bank, euro zone, forex trading, forex trading currency market, German IFO, US dollar currency trading
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