Euro Rallies in Forex Trading

17-nation currency gains on risk appetite

Here comes the risk rally. Euro is heading higher in forex trading, gaining as the markets look forward to continued stimulus from the United States.

Yesterday, Federal Reserve Chair Ben Bernanke announced that interest rates would remain near zero probably until 2014. Additionally, with the release of the latest negative jobless claims data, many expect that the Fed will engage in more quantitative easing.

All of this is sending commodities and equities higher today, and weighing on the US dollar. As a result, the euro is getting a boost today, helped along by a renewal of Greek debt talks and recent positive news about the German Ifo. 

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