Friday, February 29, 2008

slide on USD continues vs. EUR




After hovering near the magic 1.50 number on EUR vs USD for nearly three months, but unable to break it, the Euro finally rallied past it on Tuesday night, clearing 1.51 by midday Wednesday. The headlines are buzzing, analysts are talking, and traders are on the move. there was pickup in trading volume and activity over the past day as traders react to this historic move. With home sales continuing to fall, inflation is high, carnage on Wall Street, and Ben Bernanke determined to act as needed to cut rates, where will the dollar slide end?




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