SUBSCRIBE TO FEEDContinued strength for the U.S. dollar as global concerns destroy risk appetite
The euro is moving lower in forex trading against the U.S. dollar today as global events destroy risk appetite. Indeed, it appears that the $1.20 is once again matter of speculation as news from around the world sends investors fleeing toward safe haven investments.
Tensions on the Korean peninsula are upsetting financial markets, and questions about the debt crisis in Europe remain unanswered. Indeed, concerns about Spain are now replacing the recent hysteria over Greece.
With the U.S. stock market lower — the Dow is below 10,000 — and with all of this concern and unrest around the world, it is little surprise that the U.S. dollar retains its strength in currency trading on the FX market.
See AlsoEuro in Forex TradingCurrency trading on the FX market
