Euro Higher Despite Warnings on France, Italy

Euro in forex trading

Euro is higher in forex trading on the currency market today, gaining ground despite warnings on France and Italy. A report issued by European Union officials warn that the struggling economies of France and Italy could bring down the eurozone.

It’s becoming increasingly clear that Germany can’t carry the eurozone economy on its own, and that is causing some problems.

For now, euro is higher as disappointing economic data pressures the dollar, and as announced stimulus measures weaken the yen. However, the euro might head lower in the future if problems in the eurozone aren’t addressed.