Excerpt from: Forex Forecast
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| May 01, 2008 | | Currency trading with the euro | The forex trading forecast for the euro may be showing some signs of weakness. In currency trading, the euro has been getting a bit weaker against the US dollar.
The euro did get a small boost yesterday, after the Fed refused to say whether it had reached the end of monetary easing, but worries are resurfacing over the health of the euro zone economy, reports Reuters:
A run of weak sentiment data from the euro zone and its
member states have fanned expectations that the European Central
Bank may soon tone down its hawkish rhetoric and set off on a
gradual path towards signalling eventual monetary easing. | Topic Tags: currency trading, currency trading euro, euro zone economy, forex trading, forex trading euro, forex trading forecast, US dollar | |
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