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EUR/USD Slows Down in Its Fall

October 23, 2008

EUR/USD is currently down at an unusually slow rate after declining for four days at a rather fast pace. It looks like the markets aren’t yet ready for a stronger growth of dollar and need to wait a little time before continuing a strong bearish trend on EUR/USD currency pair, which is now trading near 1.2807 level — such rate was unimaginable to the Forex traders just 3 months ago.

Initial jobless claims rose from 463k to 478k last week; they were expected to grow to 468k.

House price index fell by 0.6% in August, following the 0.8% (revised down from 0.6%) decrease in July. The market analysts expected a decline by 0.5% in August.

2 Responses to “EUR/USD Slows Down in Its Fall”

  1. Chris

    can you tell me how i can get an “automatic” system to see the eur/usd slows?

    Reply

  2. Andrei

    Chris,

    Hmmm… Any terminal or quote source can work as such “automatic system”. What’s the problem in noticing that the currency pair is falling slowly than before?

    Reply

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