Forex Trading 01-06-09 / Video
Kategorie: Dollar Forex, 01.Juni 2009
The euro kept on getting stronger and continued its flight on Monday with a jump over the $ 1.42 mark.
At the top, the euro climbed driven by a higher risk appetite of investors with $ 1.4246 to a new annual high.
By late afternoon the euro slipped slightly to $ 1.4196.
EUR / USD continued on Monday in an friendly global exchanges environment its recent upward trend and set up to 1.4246 in the peak.
The EU's purchasing managers index for May rose from 40.5 to 40.7 points.
The personal spending of U.S. citizens decreased in April by 0.1% and decreased less sharply than the consensus estimate of -0.2%.
Personal income however increased by 0.5% and presented themselves much better than the predicted consensus of -0.2% (previous month's -0.3%).
The PCE deflator for April increased by 0.4% instead of the expected 0.3% after 0.6% in March.
The U.S. Construction spending increased in April by 0.8% and were significantly stronger than the expected consensus estimate of -1.8%. (+0.4% last month).
The ISM Index for May has increased to 42.8 points and was better then the consensus expectation of 42.0 points.
At the end of European trade the EUR / USD traded with a 1.4180.