Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

Top Stories
by ForexNewsNow Team on June 19, 2010

Dollar consolidates gains vs euro amid mounting Greece fears

NEW YORK (Forex News Now) – The dollar consolidated gains versus the euro in forex trading on Wednesday, amid mounting fears over the prospects of a plan to help Greece plug its gaping budget deficit.

In U.S. afternoon currency trading, EUR/USD struck 1.3358, an eight-day low. The currency pair later bounced back to 1.3392, down 0.32 percent on the day.

In a shock to the European foreign exchange trading session, earlier Wednesday Reuters quoted Germany’s main opposition party as threatening to block plans to speed up parliamentary approval of aid for debt-ridden Greece.

Visit out forex education page to read up on the latest forex strategies and indicators.

FX traders offering key FX news, meanwhile, say the euro is likely to touch support against the greenback around the low of March 25, 1.3267, and encounter resistance around the high of March 17, 1.3818.

Thursday’s currency trading news is likely to be dominated by the release of important reports on U.S. unemployment and producer price inflation. Britain is also set to make forex news, with the publication of data on its retail sector and public spending.


For more exclusive forex broker reviews, follow us on Twitter or join us on Facebook.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))