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Euro Drops in Currency Trading

US Dollar makes gains in forex tradingThe euro is falling in currency trading that AM as the US dollar shows some strength. In forex trading, some profit-taking is going on, but with oil prices dropping the US dollar is expected to see some further support.

Additionally, despite rising euro zone inflation figures, the euro is seeing problems in currency trading on the FX market due to

German retail sales. CNN Money reports on German retail sales and the euro in currency trading:

The euro fell to a six-day low against the U.S. dollar after figures released earlier today showed an unexpected slump in German retail sales.

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Original post by Eric J. Fox

2 Comments so far

  1. Euro Drops in Currency Trading April 1st, 2008 9:07 am

    […] Type to GOAL wrote an interesting post today onHere’s a quick excerpt Euro Drops in Currency Trading April 01st, 2008 | Category: Forex US Dollar makes gains in forex tradingThe euro is falling in currency trading that AM as the US dollar shows some strength. In forex trading, some profit-taking is going on, but with oil prices dropping the US dollar is expected to see some further s… […]

  2. Forex » Euro Drops in Currency Trading April 1st, 2008 9:37 am

    […] Type to GOAL wrote an interesting post today onHere’s a quick excerpt Euro Drops in Currency Trading April 01st, 2008 | Category: Forex US Dollar makes gains in forex tradingThe euro is falling in currency trading that AM as the US dollar shows some strength. In forex trading, some profit-taking is going on, but with oil prices dropping the US dollar is expected to see some further s… […]

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