Day: March 16, 2010

EUR/USD Rebounds as Fundamentals Don’t Favor USD

EUR/USD retraced from the yesterday lows set on the bad signals from Europe. Fundamentals that came out in U.S. today aren’t very positive for the dollar, while the interest rate decision by FOMC didn’t bring any real surprises to the market, but decreased the general risk-aversion, helping such currencies as the euro. The currency pair is now trading near 1.3729 after reaching as high as 1.3776 today. Housing starts declined from […]