FXstreet.com (Córdoba) - The Dollar is holding below 1.4900 despite several attempts of the Euro to break above. EUR/USD is steady and trades at 1.4890/93, 0.27% below today's opening price. The pair rebounded at 1.4845 (intra-day low) and found resistance at 1.4910/00.
Greenback is rising for the first time of the week but not enough to erase previous losses. The pair is heading toward strong weekly gains.
According to Rob Booker, founder of TraderRadio.net, Euro can't actually sustain the levels it is trading against the Dollar on the back of the actual fundamental conditions: Economy is still weak around the world, US and Europe have the same last year problems with job losses and problem banks... in this line, emerging economies will invest its money in USD, specially in USD Bonds, as usual in economic crisis.