Euro Gaining on the Week in Forex Trading
Euro gains against the US dollar in currency tradingThe euro is on the rise in forex trading, making weekly gains against the US dollar. In currency trading, the euro is being supported as the dollar struggles.
While the eurozone is seeing some inflation, and that is helping the euro a little bit, most of the euro’s gains are actually attributed to the US dollar, which is facing some weakness as financial market turmoil continues.
Bloomberg reports on the euro in
forex trading:
“The nervousness about the U.S. financial sector has caused to destabilize the dollar,” said Jeremy Stretch, a senior currency strategist in London at Rabobank worldly, the third-largest Dutch bank. “This has helped euro bulls to get back the ascendancy.”
See Also
- More on the Euro in Forex Trading
Euro and US dollar in currency trading - Euro in Forex Trading
Trade world currencies
Original post by Eric J. Fox