Excerpt from: Forex Commentary
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| June 30, 2010 | | Risk appetite makes an appearance | The euro is seeing gains in forex trading today, as risk appetite makes a small appearance. Yesterday, risk aversion was the story, but it appears that forex traders are ready for a little bit of risk today.
The euro got a little help from higher stocks in Europe. However, stocks have been volatile since the news that U.S. employment numbers are again disappointing. The U.S. stock market has moved higher, but investors are cautious, and this is limiting gains for the euro. Additionally, many are waiting to see how things go with the ECB tender offer.
While the euro is presently higher against the U.S. dollar, it is not known how long this state of affairs can last. If risk aversion once again returns, the euro is unlikely to be able to hold on to any of its gains. The euro is also a little higher against the U.K. pound.
| Topic Tags: euro forex trading, forex traders, forex trading, risk appetite, U.S. dollar | |
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