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Excerpt from:  GFT News
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June 27, 2008

EUR/USD Continues to Gain in FX Trading

Euro up in forex trading
The EUR/USD currency pair is gaining in FX trading today as weak economic data continues to plague the US dollar. Continued concerns about the credit market crisis are affecting the economy, and the recent "good news" about consumer confidence and income from the US is due mostly to the one-off economic stimulus payment to citizens from the US government.

The euro is also getting an overall boost on expected interest rate increase. The differential should serve to help the euro in forex trading, even though a slight correction to EUR/USD is in order.
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PermalinkEUR/USD in FX Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  credit market crisis, currency market, currency pair, economic stimulus payment, EUR/USD FX trading, euro forex trading, forex trading, FX trading
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