U.S. Dollar Drops Against Euro in Forex Trading

Greenback down in currency trading

Earlier, it looked as though the U.S. dollar was ready to make solid gains against the euro in forex trading. News out of Spain and Ireland sent the euro lower against the U.S. dollar, and forex traders contemplated sovereign debt.

However, it has not taken long for the concerns over Ireland and Spain to be dismissed. Indeed, positive jobless data in the U.S. has helped the euro regain the upper hand in forex trading, oversetting earlier gains.

Now the U.S. dollar is down against the euro in forex trading, heading lower as risk appetite sets in.

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