Day: March 26, 2010

EUR/USD Recovers Strongly on Mixed Economic News

The main moving force behind today’s EUR/USD recovery could be not the worse-than-expected U.S. GDP data or the better-than-expected consumer sentiment report, but rather the seeming “final decision” of the Greek fiscal problems carried out by the Eurozone leading members. EUR/USD rose from its yearly bottom and went up to above the halfway of the Wednesday’s falling range. The currency pair is now trading near 1.3402. U.S. GDP for the fourth quarter […]