NEW YORK
23:45		 LONDON
04:45		 PARIS
05:45		 FRANKFURT
05:45		 HONG KONG
11:45		 TOKYO
13:45		 SYDNEY
15:45
contacts about Trade Now
home forex brokers news articles rates & charts
News » Euro hits new high against the dollar
Euro hits new high against the dollar
Jul 18 2007, 01:00
The euro hit a new high against the US dollar today, hitting $1.3838 before it fell back to $1.3821.
The British pound was also on the up, reaching a 26- year high of $2.0568.
With the US subprime lending market crisis still looming large, the US dollar remained under serious pressure from the euro.
The sharp rises in the value of the euro and the British pound against the dollar is adding to fears in the euro-zone that European exporters will be hit hard as they bid to compete in international markets.
However, the ECB insisted today that the strength of the euro has not had any negative effects on EU exports.
European Central Bank Executive Board Member told German daily Frankfurter Allgemeine Zeitung:

"Euro-zone exporters have not suffered from a strong euro to this point. So far, we have seen a rather gradual appreciation of the euro. We would have a problematic situation should we see abrupt movements."
Meanwhile, the dollar is not expected to make any significant recovery early this week.
However, Wednesday’s release of the Federal Reserve’s Beige Book economic report and home sales data in the US may offer some respite for the struggling currency, but that is far from certain.
| More
Broker
of the Month
UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
     
Comments & Responses
Word Above:
Name:
Comment:
 
Related News
    
Currency converter
Amount:  
  
Interview
with Matthew Sheppard
Senior Forex
Advisor at XForex

1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?
In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?
We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?
Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?
Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..
Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?
My advice to the beginning trader entering the Forex world is as follows:
• Learn the market and understand what you’re getting into.
• Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
• Invest smartly and calculate your risks
• Always know when to get out of a trade

read more forex interviews


Home  |   RSS Feed  |   Terms of Use  |   Privacy Policy  |   Advertise