Economic Data and Forex Trading

246437 Resource 119247 120646 120646 1259677549585 1259677549585 Controlled Risk Appetite Returns, Sending Euro Higher in Forex Trading

Euro hits 1.51 in currency trading

The euro is heading higher in forex trading on the currency market today as risk returns. Concerns over Dubai appear to be fading -- and fading rather quickly. Forex traders are now looking for returns, and the U.S. dollar just isn't cutting it. As <a href="http://blog.gftuk.com/public/item/246433" target="_blank" title="euro forex trading, currency trading, forex trading, U.S. dollar, risk trade, high beta currencies, risk appetite">gold approaches $1,200 an ounce</a>, the euro is gaining the upper hand in forex trading. Supportive <a href="http://www.fx360.com/commentary/boris/2385/risk-returns-as-euro-targets-15100.aspx?aid=5704" target="_blank" title="euro forex trading, currency trading, forex trading, U.S. dollar, risk trade, high beta currencies, risk appetite">economic data out of the euro zone</a> is helping matters for the 16-nation currency, and the euro is heading higher. Equity markets are also rallying, providing support for the risk trade. Indeed, high beta currencies are the story today, with the sterling rallying as well, after a spell of weakness. For now, forex traders are overlooking the somewhat distressing fundamentals associated with the U.K. pound and sending the sterling higher in an effort to reap the benefits of risk. 9 application/xml false currency trading euro forex trading forex trading high beta currencies risk appetite risk trade U.S. dollar Economic Data and Forex Trading Currency trading on the FX market http://www.fx360.com/land/?item=calendar&aid=7358 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.5) Gecko/20091102 Firefox/3.5.5 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 119247 blog blogsite/GFTForex/web