Sunday, August 9, 2009

Small Correction in EUR/USD on Low Personal Income

EUR/USD pair showed a technical small correction after three days of growth (two of which were extremely strong). The euro reacted to the decrease of the personal income in United States. After reaching its highest level since mid-December, EUR/USD is now trading near 1.4388.

Personal income decreased by 1.3% in U.S. in June after the same gain in May. The forecasts showed -1.0% change for the re

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