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 Analysis
|  | | October 15, 2008 | | Euro expected to drop against yen in forex trading | The euro is expected to drop against the yen in forex trading on the currency market by the end of the year. This is, in large part, due to the toll the credit crunch is taking on the 15-nation currency.
The euro is expected to ease in currency trading, as monetary policy in the eurozone catches up with what is happening around the world. Inflationary pressures are retreating in the eurozone, and that means that the ECB could lower interest rates.
And, as monetary policy eases, so, too, will the euro in forex trading. It remains to be seen how the euro will fare against the greenback, but it is expected to fall versus the yen.
| Topic Tags: currency trading, euro currency trading, euro forex trading, eurozone, forex trading, forex trading currency market, yen forex trading | |
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