NEWS / Foreign Exchange

Expect new record EURUSD trading levels

Like our expectations the dollar break the level above 1.35 and continueto the record target of 1.3668. The positive data for the US Trade Deficit didnot help to the dollar. The traders potential would not be stopped with thefundamental events. The euro/dollar trading has to break above 1.37 level to beable to recovery. The traders continue to speculate with the interest rates andwith the fears for the US economy situation. The balloon continues to expandand the euro should reach levels again the dollar like 1.40 in May-June 2007.