Euro dips versus Dollar

Thursday, 28 July 2011 11:45

The Euro faced a hit from yesterday's strong trading at 1.4500; opening at 1.4370 in today's trading session as S&P downgraded a Greek bank.  With a low of 1.4329 and high of 1.4391 so day, EUR/USD is presently trading closer to the high price at 1.4388.

U.S Dollar is supporting the faltered Euro as the Dollar is bruised more than the 17-nation currency, as the U.S Congress fails to reach a decision on a budget plan.

The change in the number of unemployed people in Germany during the previous month was seen at 11,000.  Jobless rate remained at 7% in July, unchanged from June rate.