Excerpt from: Forex Commentary
|
 |
| February 08, 2012 | | Choppy trading on the currency market | Euro is heading higher in forex trading right now, recapturing some of the gains it lost earlier. It's been a choppy day for the currency market. Earlier, the euro saw gains as optimism over Greece took hold. Then, those gains were pared as the optimism faded. Now, though, there is enough hope again to help the euro.
It's been an interesting day as forex traders and others wait to see what kind of help the European Central Bank will offer Greece, and what measures Greek leaders will accept.
For now, euro is higher in forex trading. It has edge out the US dollar and is looking for some gains. However, a slight change in sentiment, or the smallest hint of bad news, could overset the gains and send the euro lower against the US dollar again. | Topic Tags: currency market, euro, euro forex trading, forex traders, forex trading, Greece, US dollar | |
|
|
