Excerpt from: Forex News
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| March 09, 2010 | | Currency trading with the euro | The euro continues to struggling in forex trading on the currency market, with a number of concerns weighing. The 16-nation currency is still dealing with the debt problems in Southern Europe -- especially Greece. With the public protesting over austerity measures, and EU nations trying to figure out what they can do to keep the contagion from spreading, there just isn't a lot of confidence in Europe right now.
Also, it isn't helping that gold prices are lower right now. The euro often moves with gold prices. And with gold lower on Chinese comments earlier, there is a little more pressure on the euro against the U.S. dollar in forex trading.
It looks to be an interesting day ahead, with risk aversion setting in, and forex traders looking to fundamentals in the euro zone.
| Topic Tags: currency market, currency trading, euro forex trading, euro zone, forex trading, gold, Greece | |
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