Forex Blog

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Dollar Stalls against Euro Today

May 30, 2008 by

The  U. S. dollar was mainly unchanged today after the important fundamental statistics came out in the United States. Although there were moderate intraday swings up and down on EUR/USD, the currency pair is ending the day with just a little upside on Forex.

Personal income and spendings report is always an anticipated event for the Forex traders. In April personal income rose the same as the majority of the analysts expected — 0.2%, personal spendings increased the same amount too.

Chicago PMI for the month of May was released today showing an increase from 48.3 to 49.1, while a slight change to 48.5 was expected.

Revised Michigan Sentiment Index appeared at 59.8 this May — slightly better than the advance 59.5 value, but worse than April’s 62.6.

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