Friday, October 26, 2007

Forex strategy : EUR/USD Testing All-time High



In NY trading Thursday, mainly following dollar compared to key currencies, on the sudden drop in the U.S. durable goods orders. The European currency was slightly higher against the greenback with the Swiss franc to make the biggest gains. USA-block currencies rose against the dollar to yield and improve growth prospects, while the yen advanced stock market in the United States dropped a second New York trade. EUR / USD approached its record high rates now would reduce the Federal Reserve