Excerpt from: Spot Forex
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| May 21, 2010 | | Euro hits $1.25 on the spot forex market | Spread bets and CFDs on the spot forex market should consider that the euro is recovering today. While questions about a possible intervention a couple of days ago have yet to be answered, it does seem clear that recent events in Germany are helping the euro.
Indeed, the German Parliament in Berlin approved some short term relief for the sovereign debt crisis wracking Europe right now. With that hurdle cleared, many feel that the euro zone can begin moving toward recovery.
Also helping is the news that employment increased in the U.S. in the month of April. Signs of recovery, even though they are small, are providing help for the euro in forex trading. Risk appetite is making a cautious appearance and that is allowing forex traders to move away from the safety of the U.S. dollar.
| Topic Tags: CFDs, euro forex trading, spot forex, spot forex market, spread bets, spread betting | |
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