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Day: August 13, 2008
August 132008
EUR/USD Gains on Neutral Fundamentals
EUR/USD rose slightly today, probably as a result of the technical correction processes that should have followed the recent rapid growth of the dollar. Todays fundamental releases from U.S. were average and they couldnt move the currency pair too far up or down. EUR/USD is currently trading at 1.4937 with the daily high still below the important level of resistance located at 1.5000. Export and import prices gained […]
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August 132008
Poland Needs to Adopt Euro More Urgently
According to Regional Development Minister of Poland Elzbieta Bienkowska, euro should be adopted as soon as possible because zlotys appreciation partially eliminates the value of the financial aid made by European Union and which is denominated in euro. There is also a concern about the damage to the economic growth that may be caused by the rapidly strengthening national currency. Bienkowska urged countrys financial authorities to accelerate the euro adoption process: Looking […]
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