FXstreet.com (Sydney) - The EUR was mixed against the dollar and is trading at 1.4957. The pair opened at 1.4963 (compared to yesterday's open of 1.4875) and has since been trading in a narrow range. The pair finds support at 1.4907 and resistance at 1.4993.
The dollar fell slightly as did share markets in the US following negative economic reports. The Government pointed to lower than expected home construction starts. This decline was the lowest in six months which is a sign that the housing market is still under pressure. Technology stocks also lost momentum creating a negative mood in the market.
There are additional reports of relevance being relased in the US this week, including unemployment claims and core CPI results.