Euro Drops Against US Dollar in Currency Trading
US dollar oversold in yesterday’s FX market rallyThe Euro/dollar pair had a great FX market rally yesterday, but today things are changing. Many feel that the US dollar was oversold in currency trading yesterday, and are now increasing the demand for greenbacks.
Additionally, some are worried that the troubles that have been plaguing the US will soon spread to Europe, and this could be slowing demand for the euro in forex trading as well.
See Also
- Euro/Dollar Pair on the FX Market
Forex trading on the currency market
This entry was posted on Thursday, March 27th, 2008 at 13:06 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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