The Euro has been struggling in 2010, plagued by various problems, not the least of which is the debt crisis of Greece and Portugal. Finally, however, it seems as though the euro may get out of its rut and start posting some gains to get back into prime form. July 30th marked the first day in nearly three months that the euro posted gains. Investors are showing confidence in the currency’s economic recovery. The EUR/USD forex pair traded at a low of 1.2977 and a high of 1.3107, the highest trade point in just about two years. These are definitely great signs of recovery for the euro in forex trading.

Known to many forex investors, when one currency gains, there are others that fall. To end the trading week last week, the US dollar fell against many of the major currencies. The Dow Jones weakened by 0.29% and the NASDAQ weakened by 0.57%. Jobless claims dropped from 468K to 457K. Gold strengthened to close at $1,168.4 per ounce, and crude oil gained to close at $78.3 per barrel.