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Euro/USD Update
Posted on March 18th, 2008 by Contributor
So anyway, today the feds announced a .75 rate cute to try to save what’s left of our economy. This briefly sent the EUR/USD on a plunge as Wall Street gained over 400 points. After falling all the way back down to 1.5612 it looks as if the Euro is trying to make some recovery. Its only been a couple days ago the Euro was pushing record territory up to 1.5900 and then some. I am looking for a retest of the 1.5900 in the coming days as the rate cut news fades away.
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