Excerpt from:  GFT Analysts in the News
.
February 22, 2010

Dollar 'not threatened' by euro forex trading rally

Kathy Lien quoted by corporate fx.

The dollar is not under threat from a rallying euro because "fundamentally, the Eurozone is in worse shape than the US," one foreign exchange hedging strategist has claimed.

Writing for FX360, Kathy Lien, director of currency research at GFT, explained that while the euro rallied against the dollar at the end of last week, it is likely to progress further and will have difficulty hanging on to those gains.

Full Story -Corporate FX

 

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Topic Tags:  forex news, fx, Kathy Lien

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