U.S. Forex Market Commentary |
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EURO The euro moved sharply lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4570 level and was capped around the $1.4760 level. The common currency reached its lowest level since 14 February as traders continued to scale back their expectations concerning regarding eurozone interest rates, especially as EMU-15 economic data continue to weaken. Data released in the U.S. today saw July new home sales climb 2.4% to an annualized 515,000 rate,
Filed under: Fundamental
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