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
|  | | August 08, 2008 | | Is euro strength waning in currency trading? | With the US dollar strengthening dramatically in forex trading, the euro is falling.
Right now, the euro has dropped, slumping the most it has in about four years. The concern is mostly centered around the fact that the ECB president Jean-Claude Trichet's remarks about the eurozone economy did not bolster confidence in the future.
While the ECB rate remains on hold for now, analysts and investors are starting to wonder if it might be cut by year's end. Such a move would only send the euro lower in the forex trading forecast.
| Topic Tags: euro currency trading, euro forex forecast, euro forex trading, forex trading forecast, Jean-Claude Trichet, US dollar forex trading | |
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