Euro Slips Back Below the 1.30 Level

Euro in forex trading

Yesterday, the euro ended above the 1.30 mark, gaining as general optimism took over. The story has changed now, and that optimism is disappearing, replaced, once again, by fears about the eurozone.

Indeed EUR/USD has slipped below the 1.30 level again, heading lower as concerns about the banking industry in Europe take hold. Worries about what happens next, especially with bank capitalization, has forex traders looking for safer assets.

With bank lending from the ECB still high, and with investors jittery about what’s next for Europe, it is little surprise that the euro is lower in forex trading. 

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• Euro in Forex Trading
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