Euro Gains in Forex Trading Against the U.S. Dollar

Euro Gains in Forex Trading Against the U.S. Dollar

German data, U.S. QE fears send euro higher in currency trading

Euro is moving higher in forex trading against the U.S. dollar today, thanks to a round of news that is translating into possible economic success for the euro zone. German factory orders exceeded expectations, helping provide a little jolt for the euro zone. European markets, including the euro in forex trading, are headed higher on the news. As the largest economy in Europe, Germany is naturally the leader when it comes to euro zone economics. Also helping the euro in forex trading is U.S. dollar weakness. The dollar is down as speculation runs rampant that America will participate in another round ofquantitative easing in the name of economic stimulus.