Thu, 10 May 2012 16:57:00 +0400
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Forex news, EURUSD. At the end of last week US stock indexes were rather weak, and it was only on Friday that the market considerably extended. Price drop has been caused by concern about slowdown of economic growth, which followed the released information about GDP of China. Constant problems of eurozone and additional growth of income from Spanish government bonds stipulated the decline of EURUSD.
In mid-term reference at Forex market, common European currency remains within descending trend h4 against US dollar. Yesterday EURUSD currency pair was rather active, having covered over 150 standard points upwards, thus compensating for strong bearish impulse at the end of last week.