2008/02/23

EUR/USD Get Stronger because The Fed Tends to Cut Interest Rate

EUR/USD was closed on trading at 5 AM, February 23, 2008, GMT+7 on position of 1.4826 (where prior at the highest position at 1.4863 or strengthened up to 75 points). Though there were corrections caused by profit taking in late minutes, but overall EUR got stronger. It was caused by anxious-still US economic condition while inflation is accelerating at the same time. Read full article...