Excerpt from: Forex Forecast
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| July 07, 2010 | | Euro in currency trading | The euro forex trading forecast is once again looking lower. With the euro zone economy showing signs of slow growth, rumors that quantitative easing might be needed are circulating. As a result, the euro is lower against the U.S. dollar today.
Yesterday, the U.S. dollar weakened against the euro in forex trading as risk appetite made an appearance. But today, it's all about the risk aversion, and the euro forex trading forecast is heading lower again.
With concerns about a looser monetary policy, and continued worries about sovereign debt, the euro zone has a long slog ahead of it -- no matter what small bounces are seen in the euro on the way.
| Topic Tags: currency trading, euro currency trading, forex forecast, forex trading, forex trading forecast, quantitative easing | |
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