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FXstreet.com: Fundamental: Fundamental Market ViewFXstreet.com: Fundamental: Fundamental Market ViewU.S. Forex Market Commentary

Jul 22,2008

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FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.EURO The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5825 level and was capped around the .5945 level.  Technically, today’s intraday high was right around the 23.6% retracement of the move from .5610 to .6040.  The common currency eroded during the North American session after NYMEX crude oil futures for September delivery slipped nearly .00 to the 6 handle.   Comments from Philadelphia Fed President Plosser

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