02
Dec

The eur/dollar was trading at 1.5402 a few days ago and is now trading at 1.5728.?

I am new to currency trading and feel this is a massive move. Is their a reason economicly for this????

WASHINGTON (Reuters) – Home prices fell a record 1.7 percent in the first quarter and the number of workers on jobless benefit rolls held at a four-year high, underscoring the economy's woes, data on Thursday showed.

Market is anticipating the feds not raising interest rates in the near term. Lower or no rates increase usually leads to weaker USD.

This entry was posted on Tuesday, December 2nd, 2008 at 8:14 pm and is filed under currency day trading. 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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One Response to “The eur/dollar was trading at 1.5402 a few days ago and is now trading at 1.5728.?”

  1. 1
    Jack C Says:

    WASHINGTON (Reuters) – Home prices fell a record 1.7 percent in the first quarter and the number of workers on jobless benefit rolls held at a four-year high, underscoring the economy's woes, data on Thursday showed.

    Market is anticipating the feds not raising interest rates in the near term. Lower or no rates increase usually leads to weaker USD.
    References :
    Fund manager since 1997.

    December 3rd, 2008 at 1:54 am

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