Euro Continues to Struggle in Forex Trading

Debt crisis concerns continue to weigh on the 17-nation currency

Euro continues to struggle in forex trading today as debt crisis concerns weigh on sentiment. Yesterday’s failed French bond auction is only underscoring the point, and the downgrade of Hungary isn’t helping matters, either.

Additionally, shares had to stop trading on UniCredit, and Spain’s new government announced new capitalization levels. Banks are dismayed because these levels are much higher than expected, and investors are unsure that they are feasible.

As a result, it is little surprise that the euro can’t seem to get a break. Even better data in the US, related to increased payrolls in December and a falling unemployment rate, is doing little to help matters. While normally such good news would help risk appetite, and boost the euro, the troubles in Europe are just too big not to focus on. 

See Also

• What’s Next for Euro?
  Euro forex trading forecast