Excerpt from: Forex Analysis
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| January 12, 2009 | | 15-nation currency struggles on FX market | The euro is dropping again in forex trading as more fears for the global economy surface. Right now, with concerns over the euro zone economy, things are looking down for the euro in forex trading.
The U.S. dollar is making steady gains against the euro as traders look toward an ECB rate cut, expected later this week (Thursday). The ECB is expected to cut rates in an effort to stimulate the euro zone economy.
Falling prices are another concern in the euro zone, where deflation is becoming a real concern. A low interest rate could produce some inflation as a counter to concerns about deflation.
| Topic Tags: currency FX market, ECB rate cut, economy, euro forex trading, euro zone, forex trading, FX market, stimulate economy | |
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