EUR/USD Breaks Records as Dollar Falls Deep
Today EUR/USD reached its new historical maximum at 1.5105 as the dollar continued to weaken both on the rates cut expectations and later - bad macroeconomic data releases in U.S.
Durable goods orders - a very important indicator of the business’s health - decreased 5.0% in January, more than the expected drop of 0.4%.
New home sales in January fell to 588,000 annualized rate - below the December’s 605,000 and forecasted January value of 600,000.
Crude oil inventories last week again showed a very strong gain - 3.2 million barrels. But nevertheless oil prices continue to break all maximums.
Tags: crude oil inventories, durable goods orders, EUR/USD, new home sales
