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U.K. Pound Drops against Euro in Forex Trading

Posted by: Kiara Eva / On: July 6, 2011 / No Comments »

The U.K. pound is struggling today against the euro in forex trading. A lot of the problem has to do with the fact that the BOE left rates steady, while the ECB raised them. The euro had a bit of a struggle earlier today, thanks to a downgrade for Portugal, but that was overcome as the ECB suspended collateral rules for Portugal.

Now, the sterling is lower in currency trading on the FX market as traders wonder what’s next for the British economy, and as a larger number of people wonder if the BOE knows what it’s doing.

Helping the euro, though, is also a general interest in euro assets. The U.S.

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Tags: Forex Trading, Trading

Euro Can’t Overcome Greece in Forex Trading

Posted by: Kiara Eva / On: June 24, 2011 / No Comments »

The euro has taken another beating this week in forex trading on the currency market. The 17-nation currency continues to struggle in forex trading as the Greek crisis appears no nearer to being resolved. Indeed, European leaders talk about solving the problem, but so far little has been done to stop the problems — especially with Germany balking.

Not only that, but macroeconomic concerns have been weighing on Europe, weakening the euro. With the global economy slowing, and the U.S. economy unable to help, it is little surprise that risk aversion is high and  forex traders are abandoning the euro for the U.S. dollar. 

It will be interesting to see what happens next with the economy, Greece and other issues. S

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Tags: Forex Trading, Trading