The euro is heading lower in forex trading on the currency market today, losing ground as global economic fears take hold. News that China's growth is slowing has not been very encouraging, and some think that China might be the next sovereign debt problem.

As a result of these fears, global markets have headed lower, and safe haven demand is high. The U.S. dollar is higher on safe haven demand, gaining in forex trading as the euro heads lower.

Indeed, the euro is struggling quite a bit, with the news of recapitalization by Spain's banks, and with the continued difficulty over sovereign debt -- especially in Greece where protestors continue to slow the workings of government. So, for now, it looks as though the euro will remain lower in forex trading. 

See Also

• Economic News and Forex Trading
  Currency market news for forex traders

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