Risk Aversion Returns to the Forex Market

Euro lower in forex trading

Risk aversion is returning to the forex market today, increasing as worries about Greece and the eurozone take center stage. Last week, the euro saw some solid gains in forex trading, but this week some of those gains are being lost.

A meeting of European leader in Brussels is not expected to provide much hope, and that means that concerns about what’s next for the eurozone is a matter of speculation. The result is a lower euro in forex trading as uncertainty sets in.

US dollar index is on the rise with the news, and it will be interesting to see what happens next. As long as doubt remains about Europe, it will be difficult for the euro to see sustained gains in forex trading against the US dollar. 

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