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Excerpt from:  Forex
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August 19, 2008

Euro/Dollar Continues to Drop in Currency Trading

Euro declines in forex trading
The euro continues to decline in forex trading on the currency market. Euro/dollar is in retreat in currency trading as the euro zone economy continues to struggle.

Also keeping the euro down in forex trading is the latest PPI data out of the US, along with the news that overnight oil prices lost ground.

With the US looking for some growth, it is possible that the Fed raises rates this fall. This would happen as the euro zone rates continue as they are -- or possibly even fall.
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PermalinkMore on the US PPI
.PPI and forex trading implications
.http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/trade-desk-thoughts-%11-ppi-2008081956890/
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PermalinkEuro/Dollar in Currency Trading
.Forex trading on the currency market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  dollar currency trading, euro/dollar currency trading, euro currency market, euro forex trading, euro zone economy, Fed rates, forex trading
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