Excerpt from: Forex Commentary
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| August 23, 2010 | | Currency trading on the FX market | The U.S. dollar is mostly higher in forex trading on the currency market today as risk aversion makes a small appearance. The greenback is making a good appearance as concerns around the world create some pessimism regarding economic recovery.
The euro is lower in forex trading against the U.S. dollar, as is the U.K. pound. In an interesting twist, though, the Australian dollar is gaining against the greenback in currency trading. It seems as though the threat of a hung parliament isn't offering concerns about monetary policy.
Euro is struggling due in large part to mixed economic data in the euro zone. With no clear direction, the euro is floundering in forex trading. Concerns about sovereign debt remain, as well as worries that Europe's economy is cooling down.
| Topic Tags: currency market, currency trading, euro forex trading, forex trading, FX market, U.S. dollar | |
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