Forex Updates-Euro, AUD,GBP remain on up trends vs. USD, JPY
Thursday, May 14, 2009
According to latest Forex updates on Friday the USD jumped back on a self-protective, holding close to a 4 month low, after a rise in U.S. stocks provided investor confidence a elevate and enhanced the chance of riskier currencies.
On Thursday the Euro, GBP and the AUD detained on to achievements made in opposition to the Greenback and the Yen, keeping within prospect of recent highs made as hopefulness has increased that the worst of the worldwide financial quandary may be over.
On Wednesday the USD close to a 4 month low on the index at 81.871 And it remained firm on the next day as calculated against 6 major currencies.
USD lost 9% against the Euro since early March, but the European currency is now under pressure to break above $1.3740, where resistance from a 38.2 % Fibonacci retracement of its 2008 fall from above $1.60 has blocked its path.
This week the Euro hit a 7 week high at $1.3722 but was unaffected from late U.S. trading levels at $1.3633.
On Thursday the Euro, GBP and the AUD detained on to achievements made in opposition to the Greenback and the Yen, keeping within prospect of recent highs made as hopefulness has increased that the worst of the worldwide financial quandary may be over.
On Wednesday the USD close to a 4 month low on the index at 81.871 And it remained firm on the next day as calculated against 6 major currencies.
USD lost 9% against the Euro since early March, but the European currency is now under pressure to break above $1.3740, where resistance from a 38.2 % Fibonacci retracement of its 2008 fall from above $1.60 has blocked its path.
This week the Euro hit a 7 week high at $1.3722 but was unaffected from late U.S. trading levels at $1.3633.
0 comments:
Post a Comment