Excerpt from: Forex Commentary
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| August 31, 2010 | | 16-nation currency on the FX market | The euro is getting a little help today in forex trading on the currency market as a relief rally is under way. Even though overall euro zone unemployment remains rather high, euro is getting a boost from the fact that Germany saw some improvement.
As the largest of the euro zone economies, Germany has a great deal of influence on the direction of the euro. However, disparities between countries like Germany, and countries like Spain, could cause problems in the long run for the euro zone economy.
So for, though, the euro is staging a rally in forex trading, even though other currencies like the pound and the Aussie are falling to the U.S. dollar.
| Topic Tags: currencies, currency market, euro forex trading, forex trading, FX market, unemployment | |
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