Euro Slips in Forex Trading

Spread bets and CFDs on the euro in forex trading should consider that the euro has given up some of its earlier gains. The euro saw a rally on the spot forex market earlier today, thanks to better CPI data coming out of Germany.

However, issues in the euro zone are far from resolved right now, and even with the German CPI data, there are concerns about the euro zone. GFT's Kathy Lien explores some of the issues remaining in FX360:

Poor turnout at Italian elections and the possibility of further rate cuts in Hungary indicates that even though EU leaders have agreed to support Greece, many problems still exist in Europe. Hungary is not a member of the Eurozone but their economic troubles could be a representation of the problems that other Eurozone members are facing.

Clearly, there are still plenty of challenges to overcome. Even tepid U.S. data can't help the euro zone, since the U.S. dollar is still considered to be in a better place than the euro in forex trading right  now.