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Currency trading involves risk of loss.
Leverage magnifies both gains and losses.
In the late New York Trading, the 13-nation euro remained unchanged since late Friday, they purchase it at $1.994.
In the US there are reports in economics about sales in the existing house decreased last May to its lowest level for 4 years in the meanwhile pricing in the median homes fell for the 10th consecutive month.
This data has been expected has a little sustained effect in the currency market.
The data for the economy of US is guarded carefully for hints in the Federal, the interest rates course on Federal Reserves. Economic news in the US is now on look by traders, beginning in the Consumers Confidence Index this Tuesday.
There will be report about the durable goods for the month of May to be shown by the commerce Department; this will be on the first quarter about the gross domestic product.
The $2 broke in the speculations from the Bank of England that there will be an increase again in the interest rates has benefit, the Central Bank of Europe is also expected to lift its rates this year leaving its rates meanwhile is feel from the past year.
High interest rate will strengthen the currency; this is a weapon for inflation.
04:34
Posted on Jun-26-2007
