Excerpt from: Forex Commentary
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| March 05, 2010 | | Euro struggles in currency trading | The euro is struggling in forex trading as events continue to keep the 16-nation currency weak. Indeed, the euro is down in currency trading on the FX market while the pound actually makes headway against the U.S. dollar -- something that hasn't happened for quite some time.
Euro is struggling in currency trading due to the fact that the ECB's policy statement after yesterday's announcement of keeping rates steady clearly indicates that it will be some time before rates rise.
Additionally, it is not helping matters that Greek workers are on strike again, protesting the austerity plan that the government is trying to implement.
| Topic Tags: currency trading, ECB, euro currency trading, euro forex trading, forex trading, Greece, U.S. dollar | |
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