{"id":11849,"date":"2010-08-09T07:31:55","date_gmt":"2010-08-09T11:31:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11849"},"modified":"2010-08-09T07:31:55","modified_gmt":"2010-08-09T11:31:55","slug":"dollar-falls-to-a-3-month-low-against-the-euro","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/09\/dollar-falls-to-a-3-month-low-against-the-euro\/","title":{"rendered":"Dollar Falls To a 3-Month Low against the Euro"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; The U.S. dollar continued with its bearish trading throughout last  week. The main reason for the dollar\u2019s downfall was the disappointing <a href=\"http:\/\/www.forexyard.com\/en\/market-analysis\/ny-close\/poor_payrolls_report_sinks_the_dollar-2010-08-06\">Non-Farm Employment Change <\/a>release.  The report showed that there were 131,000 less employed people in the  U.S. in July compared to June. This has shaken up investors\u2019 confidence  in a quick recovery for the U.S. economy.<\/p>\n<p>Nevertheless, EUR\/USD didn\u2019t reach a  3-month high due to the negative employment data alone. The dollar has  been falling against the euro consistently for the past 3 months, as  investors suspect that the euro is still under valued. For those of you  who caught this trend at its beginning, you stand now with a profit of  over 1,200 pips. For those of you who didn\u2019t, now might be your only  chance to enjoy this solid trend, as a correction will eventually take  place.<\/p>\n<p>Today, there aren\u2019t any news events that are expected to have a large  impact on the market. This means that traders are advised to follow the  equity markets in the U.S., euro-zone and Japan. Traders should also  take under consideration that crude oil saw a relatively sharp slide on  Friday, and thus a bullish correction might take place today, with the  potential to reach the 82.00 level.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/span><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                          may not be suitable for all        investors.       There    is  a              possibility      that            you   could       sustain a  loss   of  all   of    your                investment and            therefore  you        should   not      invest        money  that   you            cannot afford to           lose. You         should    be      aware of     all       the    risks         associated     with     Foreign       Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Dan Eduard &#8211; The U.S. dollar continued with its bearish trading throughout last week. The main reason for the dollar\u2019s downfall was the disappointing Non-Farm Employment Change release. The report showed that there were 131,000 less employed people in the U.S. in July compared to June. This has shaken up investors\u2019 confidence in a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/09\/dollar-falls-to-a-3-month-low-against-the-euro\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dollar Falls To a 3-Month Low against the Euro&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11849","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11849"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}