Forex Blog

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EUR/USD Slows Down in Its Fall

October 23, 2008 by

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?


  2. Andrei


    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?


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