Day: July 26, 2007

Bad U.S. News Keeping EUR/USD Above 1.3700

Today EUR/USD was ranging between 1.3690 and 1.3770 marks retracing a half of the yesterday’s dollar rally. U.S. economy had some bad news for dollar bulls with only one bad for Euro bulls.Manufactured durable goods orders in June increased by only 1.4% which was much lower the expected number — 2.0%, but still better than May result of decline in 2.8%.Initial jobless claims for the last week surprisingly came […]