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. Excerpt from: Forex Forecast
|  | | May 14, 2008 | | European Union "welcomes" drop in euro on currency market | The euro forex trading forecast is looking a little lower these days. And that's just how many in the European Union want things. Some say that the euro is still overvalued on the currency market. Bloomberg reports on the euro in currency trading:
``The developments we are observing are pointing in a
better direction than those we have observed before,''
Luxembourg's Jean-Claude Juncker told reporters in Brussels late
yesterday after leading a meeting of euro-area counterparts.
Lagarde said an exchange rate of $1.55 ``is still at 10 percent,
15 percent, 20 percent above the appropriate fundamentals.'' | Topic Tags: currency market, currency trading, euro currency trading, euro forex forecast, euro forex trading, European Union, forex trading, forex trading forecast | |
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