Excerpt from: GFT News
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| July 02, 2008 | | Dollar weakness persists in currency trading | The US dollar is continuing to find difficulty against the euro in forex trading. As reports that the ECB will likely raise interest rates abound, worries over US economic data persist.
Indeed, the latest contribution to dollar weakness in currency trading on the FX market was the recently released jobs data, which showed an increase in unemployment.
The next 36 hours will be critical, as there is some further economic data to be released. It is unlikely that there will be much US dollar buying in FX trading, as investors await the outcome of other economic data.
| Topic Tags: currency trading, currency trading FX market, dollar weakness, euro forex trading, forex trading, FX market, FX trading, jobs data, US dollar forex trading | |
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