Euro Heads Lower in Forex Trading

by Trader Rich

Currency trading with the euroThe euro is heading lower in forex trading on the currency market this morning. After a brief correction higher, the 15-nation currency is down again on the FX market as global recession fears resurface.

In the euro zone, economic fears are being played out as German retail sales data comes in weaker. Germany is the largest economy in Europe (not to mention the euro zone) and it is generally seen as a bellwether for the rest of the European economy.

With the German economy moving toward recession, the rest of the euro zone is following suit, and the euro continues to struggle in forex trading against the U.S. dollar.