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: Foreign Exchange Rates
|  | | August 06, 2008 | | Currency trading with the euro | The euro is dropping in forex trading on the currency market, moving below 1.550 versus the US dollar. Currency trading with the euro should consider that the eurozone economy is slowing, with data showing that consumption is decreasing.
Another issue helping the US dollar against the euro in FX trading is the fact that yesterday's Fed rate decision helped bring inflation worries into greater focus, with one member of the board actually voting to increase rates.
| Topic Tags: currency trading euro, euro forex trading, eurozone, Fed rate decision, forex trading currency market, inflation, US dollar FX trading | |
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