Euro Slides on Economic Conditions Comparison

The euro fell today versus the U.S. dollar and several other main traded currencies as speculations indicated that a number of economic zones are likely to grow faster and sharper than the Eurozone.

The euro had its most intense loss versus the greenback today as most of economic analysts believe that the United States is offering more solid conditions for an economic revival than the Eurozone or Japan, being today’s decline the sharpest in 3 months. A common believe among traders suggest that the United States is providing more fundamental data for an economic recovery in 2010, which is still not certain in the European Union.

EUR/USD traded at 1.4140 as of 21:04 GMT from an opening price of 1.4197 yesterday.

If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *