|
Forex Report, September 13 2007 |
|
The euro continues to dominate again, opening higher against all other currency pairs. The EUR/USD woke up strong today and gently kissed 1.3927 before receding a bit. Is there any stopping the Euro? It looks like a level of 1.400 might be in the cards very soon.
In other currency news, the dollar is still weak across the board, but is making up a little ground against the British Pound. In trading today, the GBP/USD worked its way below the 2.03 level, trading around 2.026 by mid morning in NY.
It looks like things will be a bit bumpy until the September 18th interest rate announcement from the Fed.
Happy Trading!!!
|
Forex Report