Forex Blog: Currency Trading News & Analysis.

April 25th 2006

USD plummets against Euro

Last year, the strength of the USD against the Euro came as a great surprise to currency traders and economists, alike, who believed it was only a matter f time before fundamental factors caught up with the dollar. In the last few months, however, the Euro has steadily climbed against the USD, all without much fanfare. This week, it crossed a psychological barrier and reached the milestone of 7-month high. The currency has been buoyed by strong economic indicators, notably German business confidence data. Marketwatch reports:

“The euro strengthened across the board as strong data and official comments contributed to expectations the ECB could ramp up its tightening path.”

Read More: Dollar low vs. euro, steadies on yen

SocialTwist Tell-a-Friend
Posted by Adam Kritzer | in Euro, Investing & Trading | 1 Comment »

Sponsored Offers

FREE Daily Email Updates

Enter your email address:

Delivered by FeedBurner

One Review of “USD plummets against Euro”

  1. Free Signals Week Says:

    It’s not a surprise that the last year USD was strong against EURO. USD economy rose month to month. It is showed good economical factors. Federal Reserve System slightly increased rate – this is all have positive affect for currency. The same situation we can see against GBP, CAD, and JPY.

Have Questions? Want to Share Your Review?

Be heard. Please share your reviews today!

Neighboring Posts

© 2004 - 2018 Forex Blog.org. Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.