Currency Trading: EUR/USD 1,4172

Thursday, March 31, 2011

EUR/USD 1,4172

The Euro holds steady after the release of the Irish Banks tests. The EUR/USD is trading barely below 1.4200 after finding support around the 1.4150 area while GBP/USD continues its recovery from 1.6015, daily low, and is trading back above 1.6050. USD/JPY remains moving in ranges below 83.00.

Commodity currencies are extending gains versus the Dollar. The Aussie is trading at fresh historic highs at 1.0370 while NZD/USD rose above 0.7640.

Greenback is also lower against the Canadian Dollar after being unable to hold to gains. USD/CAD retreated from 0.9725 and pulled back below 0.9700.

source: fxstreet.com

13 comments:

Jessica ThompsonMarch 31, 2011 at 3:14 PM
So where is it gonna be the next few day? Check me out, alphabetalife.blogspot.com
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ExoticBloggerMarch 31, 2011 at 3:51 PM
good post!
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Bhopz / HerpDaDerpyMarch 31, 2011 at 4:21 PM
the dollar value is dropping.
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edMarch 31, 2011 at 4:32 PM
i dislike canadian currency
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BrockMarch 31, 2011 at 5:07 PM
As much as I love to see the canadian dollar higher than the greenback, I think it's hurting our business a bit
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CandleintheDarkMarch 31, 2011 at 6:24 PM
Great info as always
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The Awesome AlienMarch 31, 2011 at 6:34 PM
canadians
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Electric AddictMarch 31, 2011 at 9:38 PM
good info
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UnknownApril 1, 2011 at 1:43 AM
hmm interesting
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nooneApril 1, 2011 at 8:24 AM
i just hope that the portuguese bank tests come quickly.
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Aaron M. GipsonApril 1, 2011 at 9:06 AM
Yep. The dollar is pretty much screwed. Thanks alot Federal Reserve...
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KUSHtunesApril 1, 2011 at 9:16 AM
interesting post. thanks for the info
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AnonymousApril 1, 2011 at 6:37 PM
I'll take this into consideration
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