EUR/USD: The Euro falls to a four-month low
EUR/USD set five months low
The reasons ECB to hold the interest rates unchanged are the economy slowdown in the euro zone and the recovery of the oil prices that caused the record inflation.
Euro and pound dip against dollar
Money chnager with dollars and euros
The dollar has benefited from gloomy times in Europe
The dollar has rallied against the pound and euro amid belief that the US economy may be in better health than other countries.
Sterling slumped to 17 month lows of $1.9225, down 1.1%, while the euro hit five month lows of $1.5195.
Money chnager with dollars and euros
The dollar has benefited from gloomy times in Europe
The dollar has rallied against the pound and euro amid belief that the US economy may be in better health than other countries.
Sterling slumped to 17 month lows of $1.9225, down 1.1%, while the euro hit five month lows of $1.5195.
While the US is continuing to suffer from the credit crunch - with consumer confidence falling, unemployment rising and ongoing problems in the housing market - its economy is showing small signs of growth.
That is in stark contrast to several European countries which are either in recession or on the verge of it.
That is in stark contrast to several European countries which are either in recession or on the verge of it.
he U.S. dollar index is at its highest levels since February, gaining over a point on sheer greenback strength on Friday.
Even after the release of a slightly worse-than-expected preliminary second-quarter nonfarm productivity report at 8:30 a.m. EDT, the U.S. dollar index is up 1.074 points to 75.621. It had a session high of 75.662, 1.090 points above session-open levels.
Even after the release of a slightly worse-than-expected preliminary second-quarter nonfarm productivity report at 8:30 a.m. EDT, the U.S. dollar index is up 1.074 points to 75.621. It had a session high of 75.662, 1.090 points above session-open levels.
EUR/USD break below 1.50 today
The dollar is stronger after positive news and expectations for the US economy. The oil continue to fall that will hold the inflation in normal levels. The other news that pushes the euro lower is the concerns for the situation in the Euro Zone. The European economy rising probably is over. It is expecting the end of the euro dominant on the markets and the traders sell euros worldwide.
note: Don't import a lot of stuff from EU because that would hurt the change that has been happening, but take joy the US economy isn't as bad off as Obama would want you to think
Comment