Archive for the 'All time high' Category

The EUR/USD Breaches 1.60

Wednesday, April 23rd, 2008

The U.S. economy is facing fresh difficulties that will probably further dampen the national currency. Yesterday, the greenback tumbled to fresh lows trading as low as 1.6022 vs. the EUR after the European Central Bank policy makers signaled they may raise Interest Rates due to inflation concerns.
The USD extended its drop against the EUR following […]

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Existing Home Sales Will Be Released Today.

Tuesday, April 22nd, 2008

Yesterday, the greenback lost ground on what had been a bullish closing to last week’s trading. The US was absent from the day’s economic calendar, which pushed the Dollar to record lows against the Euro in particular. The greenback has struggled to make a steady recovery against its major currency rivals, as bullish trends have […]

Posted in All time high, Existing Home Sales, analysis, USD, forex, Daily Forex Analysis | No Comments »