SUBSCRIBE TO FEEDCurrency trading with EUR/USD
Earlier in trading, the euro posted gains in forex trading. Risk appetite picked up a bit, sending the euro up to 1.24 against the U.S. dollar on relief about events in Europe.
However, uncertainty is returning to the financial markets, and the euro has slipped back below the 1.24 level, and is trading rangebound for the most part.
EUR/USD is showing the effects of the latest news about personal spending from the U.S. Even though personal income increased, spending did not, indicating that U.S. consumers are interested in shoring up their personal finances, rather than spending money to shore up the economy.
See AlsoEconomic News and Currency TradingForex trading on the currency market
