SUBSCRIBE TO FEEDCurrency trading with the euro
There is a risk rally going on right now on the currency market, sending the euro higher in forex trading. Most of the euro’s gains today are coming as economic data shows improvement. Sterling is also seeing solid progress in currency trading. Germany, the largest economy in the euro zone, came back with a better than expected Ifo reading, and that is helping.
Also, other signs of economic improvement are helping to boost the euro in forex trading, helping traders forget about sovereign debt problems. GFT’s Boris Schlossberg reports in FX360 on forex traders’ shift in focus:
Over the past several days, the upside economic surprises from the Eurozone have to a large extent allayed investor fears regarding
