Dollar Rise Highest Since May 2005
Today the USD has made gains against the Euro with speculation of further interest rate cuts. The US Dollar made gains against 13 of the most traded pairs.
The US Dollar has made an increase of 1.5% in the past week over the Euro. This has gone against technical chart indicators as well as predictions from experts. In the past week one expert claimed that the Euro would be trading between $1.45 and $1.50.
The US Dollar in 2008
This pattern hasn’t been seen yet. Will this trend be seen before we head in to the new year? A closer look at next weeks trading will give us a greater indication as to the condition of the US currency heading in to 2008.
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