Euro in forex tradingThe euro has lost some ground in [B]forex trading[/B] on the currency market today. Even though the euro zone saw some expansion from PMI data, the euro is still struggling in currency trading.
However, even with slight losses today, the euro is maintaining support above 1.4717, and even working to keep itself above the 1.4800 level that it achieved yesterday as the [B]risk trade[/B] came into vogue.
There is a possibility for more weakness, however, if economic data does not begin to show significant improvement. However, for now, the [B]euro is deriving strength from dollar weakness[/B] as investors await the outcome of today’s Fed meeting.
[B]See Also[/B]
[ul]
[li]Euro in Forex Trading[/li]Currency trading on the forex market
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