Excerpt from: Forex Forecast
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| September 25, 2008 | | Euro/dollar expected to continue rising | The euro forex trading forecast is one that is looking better than it has in a while. One of the main reasons is that the U.S. dollar is expected to retain its weakness on the FX market.
Even though the eurozone is headed into recession, it is still expected to advance in currency trading against the greenback. Current moves by the U.S. government are unlikely to restore confidence in the dollar, and that gives the euro the upper hand.
Bloomberg believes that the euro forex trading forecast may call for the 15-nation currency to go as high as $1.53.
| Topic Tags: euro/dollar, euro forex forecast, euro forex trading, eurozone, forex trading forecast, recession, U.S. government | |
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