Day: March 6, 2008

March 6
2008

Is 1.5400 a Limit for EUR/USD?

Today EUR/USD renewed its historical maximum on Forex market again. With almost every day for this currency pair being positive in gain, the question arises — where will it stop? So, where is the medium-term resistance for EUR/USD? Is it 1.5400? 1.5000 was a major psychological barrier; after it was broken recently the EUR/USD has already reached 1.5372. In my opinion, dollar will continue to fall for as long as the […]

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March 6
2008

U.S. Dollar Declines Ahead of ECB, BoE Meetings

The U.S. dollar continued its weekly decline today, as the market participants awaited the results of the European Central Bank and the Bank of England monetary meetings. The yield difference between the short-term European bonds and the U. S. Treasuries are at its widest value in 15 years. This fact forces more investors to convert dollar to euro in order to buy the more yielding assets. The analysts expect that the ECB will keep the rates unchanged today at 4.00% — the 5-year high […]

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