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EUR/USD at 1.5179 After GDP News Release

GDP release today in U.S. pushed dollar down after yesterday’s macroeconomic statistics and allowed EUR/USD to reach a new record at 1.5179. Meanwhile GBP/USD decelerated its pace a little and turned to a less bullish trend today. The preliminary GDP data for the third quarter showed 0.6% growth — the same as it was in the advance release a month ago, but below the expected 0.8%. That’s quite a poor result [...]

This entry was posted on Thursday, February 28th, 2008 at 12:00 pm 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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