Forex Broker: Tricket Addressed Favorable Remarks


Active Trader
Jun 28, 2010
Forex Broker—- President of ECB, Jean Claude Trichet stated that economic recovery momentum is growing. American unemployment compensation application population was better than expectation, which boosted forex investors’ expectation for global economic recovery trend. On Thursday (June 8th) New York Stocks, euro/USD forex rate touched the milestone of 1.2700, first time since May.
Besides, optimistic moods in forex market also pushed Australian dollar and other currencies that are closely linked to global economic growth.
However, he also pointed out that in such an environment with high uncertainty, the recovery of euro-zone economy may not be smooth.
After the optimistic statement by Trichet, euro/USD forex rate hit the high at 1.2700. At New York noon session, the forex price fell to around 1.2675, 40 points higher than that of the previous trading day.—-Forex Broker: IKONFX

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By Amanda.