primarylogic
Junior Member
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- Apr 10, 2008
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Dollar: Is The Turn For Real?
What a difference a day makes. By the middle of last week the euro was all the rage in the FX market and trader’s sights were set on a retest of record highs for the EURUSD. But a one-two combination of relatively “positive” NFP numbers and a much more subdued Jean Claude Trichet knocked the euro for a loop and by the end of trading session on Thursday the pair lost 200 points.
What a difference a day makes. By the middle of last week the euro was all the rage in the FX market and trader’s sights were set on a retest of record highs for the EURUSD. But a one-two combination of relatively “positive” NFP numbers and a much more subdued Jean Claude Trichet knocked the euro for a loop and by the end of trading session on Thursday the pair lost 200 points.