Currency trading with EUR/USD

The euro is headed lower in forex trading today as the U.S. dollar consolidates its recent gains. Gold is heading lower as the greenback gains some strength, and that means that the euro is heading lower.

In currency trading, EUR/USD often moves with gold prices, the euro strengthening as the commodity does. With profit takers looking to capitalize on recent gains by gold, as well as the situation changing with regard to the Japanese yen, it is little surprise that the euro is faltering in forex trading.

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