Read the latest forex analysis:


"The Euro (EUR) traded at fresh record highs on a broadly weaker dollar following sustained credit turmoil. The Euro headed towards its third weekly gain against the greenback as consumer confidence did little to provide any relief. Overall the EURUSD traded with a low of 1.4317 and a high of 1.4394 before closing the day at 1.4385 in the New York session."



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It is interesting to see if the Euro will test to 1.45, although there seems to be a high German unemployment. If the Euro will reach 1.45, we might begin to wonder whether or not it will hit 1.50, and how low the US Dollar will go...