Euro Makes Low And More..
Thursday, October 2nd, 2008LONDON: Euro dollar, EUR USD makes new 12-month low of 1.3746 in today’s trading after an early morning of choppy trades. The day started with Frankfurt riding the pair to 1.3965 in the first hour before it quickly descended to 1.3854 even before the main European currency markets opened in London.
EUR Falls Like A Hot Knife
Tuesday, September 30th, 2008Euro, EUR held its ground against the dollar, USD in the morning trades despite the recent events in the US, European traders were very tentative in the morning trades. With volume and volatility thin on books the pair, EURUSD began dripping as European session awaits the US economic reports. The report came better than expected and the ‘EUR falls like a hot knife cutting through butter’.
GBP Fell Sharply on Bailout
Monday, September 29th, 2008The GBP USD, cable has been under immerse pressure in the last few month because of the closed UK economic link to the US. At a point the market had shed over 400 pips from Friday’s trading session.
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