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Euro Strengthens in Forex Trading

Currency trading with the euroThe euro is gaining in forex trading today as German GDP information shows growth. The euro zone economy is showing inflation, and the European Central Bank continues to use this inflation worry as a reason not to cut interest rates.

However, many do not expect growth in the euro zone economy to continue through to the end of the year. As the seconf half of 2008 approaches, the euro zone is expected to slow down as well.

Look for more economic data today, as there is a packed calendar for the euro zone economy.

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This entry was posted on Thursday, May 15th, 2008 at 14:05 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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