The US Dollar is weakening. The entire trading week has been bearish for the currency. The US Dollar has declined against the Euro currency as speculators are waiting for the ECB’s meeting scheduled for today. Another factor is the forthcoming Spanish bond auction.
However, the results of recent television debates between Barack Obama and Mitt Romney have been the major factor pressing the US Dollar. The 2 candidates discussed multiple burning problems in both the internal and external policy of the USA. Mitt Romney won the 1rs round of the debates.
However, political scientists say that nobody would win the election if it were held today.
EURUSD has increased from 1.2905 up to 1.2944.
The chart below, courtesy of , reflects the current state of affairs in the market of USDRUR.
