Dollar rose today against the euro but EUR/USD pair still remained in a mainly sideways trend. A good report on CPI and a rather low decline in the initial jobless claims were mostly ignored during todays trading session. EUR/USD is currently trading near 1.4901. Seasonally adjusted CPI rate was at 0.8% in July — thats below Junes 1.1%, but above the average forecast of 0.4%. Initial jobless claims declined […]
Read moreThe Great Britain pound rose today against the U.S. dollar for the first time in the last 10 days after reaching a new bottom level since the mid October 2006. The expectations that the Bank of England will cut the interest rate at it next meeting rose after BoE reduced its economic growth forecast. Pound managed to lose more than 7.6 percent during […]
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