Day: September 4, 2007

Euro Recovers Against USD After ISM PMI and Construction Spending

EUR/USD regained part of its losses, received earlier this day and yesterday, after some important but not encouraging data from United States. EUR/USD is still in the flat zone (speaking in long terms), but some strong intraday volatility hints for possible breakout with the direction still unknown. PMI index by Institute for Supply Management (ISM) was reported today and came out by 0.1 point lower than […]