Excerpt from: GFT News
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| August 27, 2008 | | Currency trading with the euro | The euro is rebounding in forex trading right now, rallying mainly on the news that oil prices are rising. Even though Gustav is "only" a tropical storm, there are concerns that it will affect oil refineries in the Gulf of Mexico. As these prices rise, so too does the euro in forex trading.
However, in currency trading the euro rebound may be short-lived, since the euro-zone economy is dealing with some of its own issues, and may not be able to maintain superiority over the U.S. dollar.
| Topic Tags: currency trading, currency trading euro, euro forex trading, euro-zone economy, forex trading, oil prices, U.S. dollar | |
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