Home » Euro to Dollar News » Currency Trading the Euro to Dollar – 21st April 2009

Currency Trading the Euro to Dollar – 21st April 2009

A busier day than yesterday for fundamental news on the economic calendar for the euro to dollar pair which started earlier this morning with the release of the German PPI data which came in worse than expected at -0.7% against a forecast of -0.3%.  This is generally considered a leading indicator of consumer inflation and measures the changes in the price of goods sold by manufacturers which are then passed on to the consumer.  We have also had the Italian trade balance numbers which came in better than expected at -0.4bn, followed by a more important set of figures, namely the German ZEW economic sentiment index.  This came in well ahead at 13 against a forecast of 1.8 suggesting increasing optimism but this apparent good news has so far failed to translate into euro strength with the euro to dollar pair falling back after an initial rise, perhaps prompted by pro dollar sentiment on the back of continuing concerns with the banking sector.

The only item of news for the US dollar is a speech later today by Treasury Secretary Timothy Geithner who is due to testify before a Congressional Panel in Washington DC.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live charts by simply following the links.  I have also included details on an excellent ECN broker.

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