Excerpt from: Forex Analysis
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| June 30, 2008 | | Forex trading strategy for the euro | One of the items to watch for this week is a euro interest rate hike. Even though many thought that the ECB would be lowering rates by now, the outlook has changed.
Forex trading strategy for the euro should consider that inflation is a concern in the eurozone, and ECB rates could address this at its meeting later this week. Reuters reports on the euro and FX trading:
Analysts said the data would go further towards hardening
the euro area central bank's resolve to hike interest rates when
it meets later this week, with some seeing risks increasing for
a post July tightening as well. | Topic Tags: ECB rates, euro FX trading, euro interest rate, eurozone, forex trading euro, forex trading strategy, FX trading, interest rate hike | |
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