Filed under: Fundamental
U.S. Forex Market Commentary
Posted by GCI in May 16th 2008
EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5520 level and was supported around the $1.5435 level. Traders reacted to a mixed bag of U.S. economic data today that saw April housing starts rise a surprising 8.2% to 1.032 million in April while April building permits were up 4.9% to 978,000. These data were tempered by the mid-May University of Michigan consumer sentiment indicator that fell to 59.5 from 62.6 in
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