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 News
|  | | November 13, 2008 | | Euro continues to struggle in currency trading | Earlier today, the euro fell below $1.2388 in forex trading on news that the German economy is in recession. The euro continues to struggle in currency trading on the FX market as the U.S. dollar is looked to as a safe haven currency.
Because Germany represents the largest economy in the European Union and the euro zone, it is no surprise that it has a rather large influence on the performance of the euro in forex trading.
The euro did make up some ground in FX trading, moving back up above $1.25. However, the euro is still performing poorly overall against the U.S. dollar in forex trading, thanks to the global recession. | Topic Tags: currency trading, euro currency trading, euro forex trading, euro FX trading, euro zone, forex trading, FX trading, global recession, U.S. dollar | |
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