Excerpt from: Forex Analysis
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| June 30, 2010 | | Dollar lower as euro gains in forex trading | The U.S. dollar is faltering in currency trading on the FX market today. The euro is gaining today as a little more optimism comes out.
However, there is a possibility that the U.S. dollar could gain the upper hand again soon, since concerns about the economy are starting to creep back. Jobs data is once again disappointing in the U.S.
In Britain, the housing market continues to move sluggishly and consumer confidence is down. Forex traders continue to watch the euro zone, since it is far from certain that the debt situation is under control. As a result, it is quite possible that forex traders will be fleeing to the safety of the U.S. dollar again soon.
| Topic Tags: currency trading, economy, euro forex trading, forex traders, forex trading, U.S. dollar | |
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