Will EUR/USD Break 1.60?

Posted on April 17, 2008
Filed Under Forex News |

From all angle, it’s highly likely that that the EUR/USD will break 1.60. How high the Euro against the US dollar will climb is anyone’s guess.

With the current high inflationary, European Central bank will not be in a hurry to stop the currency from rising.

And as for the US dollar, with concerns about  recession and the pessimistic outlook of the US economy,  the Federal Reserve will likely continue to cut the interest rate further during their meeting end of this month..

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