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Dollar Extends its Gains against the EUR and Pound

Discussion in 'Major Currency Pairs' started by alessio, Aug 11, 2009.

  1. alessio

    alessio New Member

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    Yesterday`s trades were marked with USD appreciation versus European currencies such as EUR and GBP. Monday the Dollar Index, showing the Dollar position against 6 most traded currencies performed an increase of 0.4% hitting a 79.31, second consecutive week`s rise in the Forex market.

    The USD's bullishness vs. the EUR continued yesterday. The rate reached its low at 1.4130 level. GBP/USD pair ended trades with a massive drop by 235 pips hitting the low of 1.6475 as a result of British banking woes revived.
    Among today business events many news will come from the US economy including the release of Prelim Nonfarm Productivity and Prelim Unit Labor Costs data both at 12:30 GMT, and Wholesale Inventories at 14:00 GMT.
     
  2. alessio

    alessio New Member

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    During yesterday`s trading the USD managed to gain its positins against major Forex currencies. data suggesting the slowdown in the U.S. housing market has bottomed out. A better-then-expected result gave further support to the U.S. currency. The Dollar has been sold off recently partly due to growing optimism regarding the state of the U.S. economy. The USD finished yesterday's trading session about 50 pips higher against the EUR at the1.4249 level
     
  3. alessio

    alessio New Member

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    During yesterday`s trading the USD managed to gain its positins against major Forex currencies. The rally happened after reports suggesting the turmoil in the U.S. housing market has bottomed out.

    A positive result gave further support to the USD. The Dollar has been sold off recently partly because of rising optimism regarding the state of the U.S. economy. The USD finished yesterday's trades about 50 pips higher versus the EUR at the1.4249 level.

    View only latest updated technical analyses.
     
  4. fxprofits

    fxprofits New Member

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    The dollar fall like a brick and i think quote will be soon 2/1 against the EUR.:woot:
     
  5. JavitoFX

    JavitoFX New Member

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