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| | Tue, 06 Jan 2009 09:16:41 -0500 | | Weaker euro in currency tradingThe euro forex trading forecast continues to show weakness on the currency market, especially against the U.S. dollar. Right now, the euro is mainly in trouble as worries of deflation become paramount.
Just a couple of weeks ago, ECB leaders insisted that things were moving toward recovery in the euro zone. With optimism, they talked of the end of monetary easing. However, the prospect of deflation is ending that speculation. Now, some expect that more ECB rate cuts are in the future.
This stands in contrast with the U.S. economy, which is looking forward with hope toward economic stimulus when Barack Obama takes office later this month. The euro forex trading forecast can't seem to compete with what people expect from the U.S. dollar.
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