Day: September 25, 2007

EUR/USD Reaches New Historical Maximums

With the consumer confidence surveyed in this September fall beneath the level of 1985 (from 105.6 to 99.8) the U.S. dollar can’t hold its position and loses almost 100 pips on EUR/USD rallying it to a new historical maximum at 1.4154. While mortgage problems in U.S.A. continue to crush real estate sector throwing existing home sales to 5.5 millions in August (in July this number was 250,000 higher), consumer confidence — one […]