Friday’s American trading session turned out to be a losing one for the common European currency since the pair started going down at the end of the week. In particular, the currency pair decreased from 1.2837 down to 1.2742. The US Dollar kept on strengthening even amid controversial US housing stats released on that day.
As you know, today’s financial markets can give anyone several decent moneymaking opportunities. Still, one should dedicate time and effort (and sometimes money) to succeed in trading various financial markets. At the same time, the international trading industry keeps on evolving on a regular basis. New assets emerge, new markets attract more and more traders and investors.
Exchanging of the most recent day of the week, on the eleventh of July, 2014, has for the money combine a level nature. In the first 50% of the day the Euro rose to 1.3624 level, which was the greatest of Friday. Euro development was determined by the Central Bank by steady swelling in Germany and Spain , recorded by the Federal Statistical Office (Destatis). Then, again, in the second a large portion of the day the money dropped to a level of 1.3591.
Today, on June 9th, the common European currency is consolidating close to 1,3615 close to the end of the European trading session in advance of the Fed’s meeting minutes scheduled for the American trading session. In particular, the Fed is going to publish the results of its 2-day meeting that took place on June 17-18th, Market Leader reports.