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EUR/USD Ends Week Just a Bit Above Open Level

May 2, 2009 by

EUR/USD gained yesterday and ended the week in the moderately positive zone as the fundamentals reports in U.S. were predominantly good for the world’s economy and bad for the low-yielding currencies, such as the dollar. EUR/USD ended the week at 1.3274.

Michigan sentiment index grew from 57.3 to 65.1 in April — the highest value since September 2008. It was expected to go up to 61.5.

Factory orders decreased by 0.8% in March, following 1.6% gain in February. The analysts’ forecast showed 0.7% decline for March.

ISM Manufacturing Index unexpectedly rose from 36.3% to 40.1% in April. The marked analysts predicted a growth to 38%.

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