EUR/USD retreats after recovery attemptEarlier today, the euro attempted a recovery in [B]currency tradin[/B]g on the FX market. Unfortunately for EUR/USD, the attempt was capped, and the euro is retreating.
However, the fact remains that the [B]euro[/B] did open positively this week, and that there are some things going for the 16-nation currency.
First of all, [B]Ben Bernanke[/B]'s nomination is in doubt. While he will likely get through, there are some Congresspeople insisting they won’t vote for him to have another term. Additionally, bank policy issues in the U.S. are momentarily taking attention away from Greece.
It will be interesting to see how things go in the future, but it looks like [B]this setback from the euro might only be temporary[/B].
[B]See Also[/B]
[ul]
[li]Euro and Economic Data[/li]Currency trading on the FX market
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