Euro continues to struggle in currency trading on the FX market as worries about Greece continue to dominate the landscape. Even with the good news expected out of Germany, the problems with Greece overshadow the entire eurozone.
Good news is expected out of Germany today, with the ZEW expected to confirm the idea that the eurozone economy is headed for recovery. Analysts believe that the worst of the eurozone crisis really is over, and that is providing a silver lining for the eurozone.
Unfortunately for the euro’s performance in Forex trading, most of the focus is on the situation in Greece. Once again, there are worries that Greece could run out of cash, this time by the end of April. And, once again, Greek authorities are in negotiations to extend payments or make some other arrangements. It doesn’t look as if eurozone finance ministers are in much of a mood to accept Greece’s latest pleas.
As a result of these concerns over Greece, the euro is heading lower today. It is down almost across the board, even with better stock performances from around the world.
At 10:48 GMT EUR/USD is down to 1.0680 from the open at 1.0738. EUR/GBP is down to 0.7176 from the open at 0.7203. EUR/JPY is down to 127.5510 from the open at 127.9650.
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