Forex Blog

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Dollar Gets a Blow after Good Start

April 14, 2008 by

After a weird 100 pips gap at today’s Forex trading opening on EUR/USD pair, the U.S. dollar went sharply down. It’s now forcing to stay at as little as 50 pips below the absolute maximum as the Forex traders fail to conclude a definite opinion on how to react on the fundamental statistics that came out today in U.S.

Advance retail sales in March rose 0.2% compared to 0.1% forecast and 0.6% fall in February.

Business inventories in February were down 1.1% compared to January’s value. The inventories were expected to grow by 0.4% and they showed 0.8% growth in January.

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