Friday, November 13, 2009

Euro / dollar fell after consumer sentiment data

The fall of the index of consumer sentiment University of Michigan was a complete surprise, given expectations of rising from 70.6 to 71.0 and the actual value at 66.0 points, which triggered the increased pressure on the euro / dollar. Couple tested in anticipation of the report Offer around $ 1.4850/60 turned sharply lower and checked on the strength of formal bids Asian accounts, setting a fresh session lows near $ 1.4825. Currently, the euro is kept about $ 1.4840, but the sentiment remains poor, and dealers have warned that a break below $ 1.4820 lay bare foot placed below, while the loss of support in the figures can be a catalyst more active fall.

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