US Dollar still struggling

Tuesday, 3 May 2011 11:19

The USD jump seemed to be merely just enthusiasm in forex trading due to the shocking news of Bin Laden's killing in Pakistan.  Now that the news is diminishing from broadcasts, the USD is pacing down to it's regular weak self, closing to the 3-year lows.  The European currency peaked to a 3 1/2 year high against the American currency reaching the price of 1.4900 in yesterday's trading. 

Briefly, the Dollar did not manage to sustain its rise.

EUR/USD is presently trading at 1.4766