Euro Hit A One-Week Low Against The US Dollar
The Euro hit a one-week low against the US dollar during Thursday’s trading following news that US jobless claims had fallen and amidst continuing worry about the debt crisis faced by the Eurozone. Forex traders at 4XP saw the EUR/USD currency pairs plummet as traders continue to lose confidence in Europe’s single currency.
During this afternoon’s trading the EUR/USD dropped as low as 1.2542 , its lowest price since last Thursday when the EUR/USD hit a 14-month low. This fall was partly in response to the news of better than expected jobs data from the US. Meanwhile the EUR/JPY currency pair was also suffering as the Euro fell to 116.48 against the yen, a drop of 0.96%.
The continuing struggles faced by Greece and the Euro are still playing their part in restricting the European currency. The Euro has been suffering continuously following the uncertainty regarding the EU/IMF bailout for Greece, the civil unrest in Greece and the possibility of further EU member states having the same problems as Greece.
These continuing troubles in Europe are creating many profitable trades for shrewd and well informed traders of EUR and USD currency pairs. If you think you have what it takes to join the Forex trading ranks or if you already trade Forex and are looking for a new place to trade visit www.4xp.com.
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