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EUR/USD Breaks Records as Dollar Falls Deep

Today EUR/USD reached its new historical maximum at 1.5105 as the dollar continued to weaken both on the rates cut expectations and later - bad macroeconomic data releases in U.S. Durable goods orders - a very important indicator of the business’s health - decreased 5.0% in January, more than the expected drop of 0.4%. New home sales [...]

This entry was posted on Wednesday, February 27th, 2008 at 11:53 am and is filed under Forex Currency, US Dollar, Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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