Euro/Dollar Continues to Drop in Currency Trading

Tue, 19 Aug 2008 09:38:31 -0400

Euro declines in forex tradingThe euro continues to decline in forex trading on the currency market. Euro/dollar is in retreat in currency trading as the euro zone economy continues to struggle.

Also keeping the euro down in forex trading is the latest PPI data out of the US, along with the news that overnight oil prices lost ground.

With the US looking for some growth, it is possible that the Fed raises rates this fall. This would happen as the euro zone rates continue as they are -- or possibly even fall.

US Dollar Softer in Forex Trading

Mon, 18 Aug 2008 08:26:46 -0400

Currency trading with the greenbackThe US dollar is softer in forex trading on the currency market today, after a number of factors contributed to a slowdown in last week's rally by the greenback. Right now, the main factors affecting currency trading with the greenback include:

A gain for oil prices.
Housing data.
Inflation reports.

The Federal Reserve may not raise interest rates in the near future after all. As a result, the dollar is faltering in FX trading against the euro and the yen.

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Euro/Dollar Continues to Drop in Currency Trading

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US Dollar Softer in Forex Trading

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