The dollar recovered to 3-months high against the euro

By IBTimes Staff Reporter | December 17 2009 1:31 AM

EUR/USD (1.4392)European & US sessions forecast levels: 1.4315/1.4775Trend Sessions: European: Downward/NeutralUS: NeutralMarket Focus: 8:30 AM Initial Claims, Continuing Claims, 10:00 AM Leading Indicators, Philadelphia Fed.Daily Strategy: The dollar hit 3-months high against the euro during the Asian session. The traders continue to cut their euro positions at the year-end. The traders follow the tendency these days as buy dollars. The fundamental indicators show that the U.S. economy recovery fast while the inflation raises that signal to the Fed to start with the interest rates rise.

Sponsorship Link

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

IBTimes Magazine

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands: Would You Pay $45 To Be In A Mag You’ve Never Heard Of?

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where In The World Are The Military Drones? [MAP]

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

web counter