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.

UK House Prices news were released earlier today with a decline of 1.4% in April, while it was estimated to come out at 0.2%.  This is the most that house prices have fallen in seven months.