Thursday, July 23, 2009

U.S. Currency & Euro Face to Face in Forex Market


The U.S. dollar is still holding ground next to the euro recently, with investors keeping substantial distance ahead of major non-farm payroll statistics.
General predictions are saying that the United States economy will create roughly one hundred thousand new jobs, but many researchers have been improving their predictions upon seeing the major employment components from this week's Institute of Supply Management surveys.
As a result, the U.S. dollar experienced a slight increase overnight, but other currencies have remained the same during early London trade, with all eyes being stuck on the recent activity of U.S. currency.

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