Euro Drops versus the Dollar; while UK House Prices fall to a 7-month low

Monday, 9 May 2011 02:16

EUR/USD opened up this week’s trading session at 1.4359, also reaching 1.44. The Dollar went off its 3-year low and grew stronger than the Euro. The currency is keeping a pace along the lines of 1.43-44.

EUR/GBP dropped to 0.8789 from the 0.88 zone. GBP/USD is trading a little lower than the 1.6390- line that it was trading earlier, to trade to 1.6360- line.

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