Currency market news
Euro is heading higher in forex trading on the currency market today, gaining as expectations of some sort of plan from the ECB boost some level of optimism.
The news that Mario Draghi is skipping the Jackson Hole summit later this week isn?t hurting the euro. Indeed, some are hoping that he will be hard at work, meeting with eurozone leaders to come to a solution.
For now, the euro is seeing some strength. The upside, however, is likely to be limited. Until some details are agreed to, and until a plan is released, there is still some uncertainty surrounding what, exactly, will be done ? and whether it will be enough to save the eurozone.?
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Source: http://oakshirefinancial.com/2012/08/29/euro-heads-higher-in-forex-trading/
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