Day: October 3, 2007

Bad Fundamentals — Good for USD?

While dollar continued to rebound its weak positions today after EUR/USD failing to break 1.4180 resistance, fundamental stats from United States again came out below expectations. And again this caused a dollar rally against the Euro currency. ISM report on business activity for September 2007 showed a decrease by 1% — from 55.8% to 54.8% — well below the pessimistic expectation of 55.0%. After this report dollar went high […]