NEWS / Foreign Exchange

Clear signals for the EURUSD trading are fact

Theeuro/dollar trading breaks new record high level during the Asian session. Thisis 2-years new record high and strongly moves to the record high of 1.3668since December 2004. Everything from the world situation like the crisis withIran, the situation with the US economy, European economy, ECB interest ratespolitic is negative for the dollar. Even the very positive Friday Job marketdid not help to the dollar. This is clear signal that the dollar have what tolose in the coming months. The break above the level of 1.36 is sure, even issure that the euro/dollar trading should reach the level of 1.38.