Euro Falls on Disappointing Regional Data

Euro in forex trading

Euro is falling today, in spite of the general inclination toward risk appetite right now. The latest news out of the eurozone is providing disappointment, and that is sending the euro lower in forex trading.

Retail sales information for December shows an unexpected drop, led by France and Germany. These are the two largest economies in the eurozone, and quite influential in terms of how the rest of the eurozone functions. This news has been quite a blow and has resulted in a lower euro in forex trading.

Indeed, euro is down in forex trading as the US dollar rises on better than expected jobs data. The prospect of economic recovery in the United States is balanced against economic disappointment in the eurozone, and the euro is losing out today in forex trading. 

See Also


Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!