Day: March 31, 2010

EUR/USD Grows Considerably Despite Lower Chicago PMI

EUR/USD registered its new high in more a than week, showing a daily rise of about 0.85% today. It was going straight up from the early European Forex trading session without any regards to the fundamental indicators. The currency pair is now trading close to 1.3533. Chicago PMI indicator declined from 62.6 to 58.8 in March. The traders expected a drop only to 61.0 — that’s a rather bad signal for the U.S. […]