Forex Blog

EUR/USD fell today significantly, recovering from its two-day fall that was observed this week. It went down by more than 0.8% today — from 1.5532 to 1.5380. Good fundamental indicators from U.S. helped dollar to strengthen on Forex.

Productivity in business sector grew up in first quarter of 2008 according to a preliminary report that was released today. Annual rate of the seasonally adjusted productivity growth was 1.9% in Q1 — above 1.5% forecasted by market analysts.

Crude oil inventories last week increased by 5.7 million barrels (quite a lot compared to recent increases) and are now in the middle of the average range for this time of the year.

Tags: crude oil inventories, EUR/USD, productivity

This entry was posted on Wednesday, May 7th, 2008 at 4:32 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.