Excerpt from: Forex Analysis
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| March 30, 2010 | | Currency trading on the FX market | The sterling and the euro are both continuing their recovery in forex trading on the currency market. Indeed, both are showing signs of life as economic data points to recovery.
In Britain, things are showing improvement, and the pound has managed to move back above the 1.50 level. The economic optimism in Britain is starting to overcome concerns about the deficit.
In the euro zone, things are calming down as well. The Greek situation is mostly resolved, and the euro is making progress in forex trading. However, even though the euro is higher in currency trading on the FX market, it is still unable to break through the 1.35 level and remain there.
| Topic Tags: currency trading, economic data, euro forex trading, euro zone, forex trading, FX market, U.S. dollar | |
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