Euro Continues Gains in Forex Trading

Currency trading with EUR/USDThe euro continues gains in [B]forex trading[/B] today. Thanks to the recent information from the euro zone about interest rates, and from comments by [B]Jean Claude Trichet[/B] about the economy, the euro has been able to maintain gains today.

GFT’s[B] Boris Schlossberg[/B] reports on the euro in forex trading:

EUR/USD remained above 1.5100 ahead of the ECB rate announcement later today, Aussie rallied to .9300 on the back of decent Retail Sales numbers and cable was the only weakling in the group as it came off the 1.6700 handle after slightly weaker than projected PMI Services data.

As long as things remain on track for economic recovery, the euro should see success in [B]forex trading. [/B]

[B]See Also[/B]

[ul]
[li]Euro in Forex Trading[/li]Currency trading on the FX market
[/ul]