Hey guys, I just wanted to post a quick review on TODAY's fx performance and latest trends.

Dollar saw a rise against euro yesterday after a survey by Ifo Institute showed that German Business sentiment deteriorated more than expected in April, heightening concerns that cracks in the euro zone’s largest economy were starting to show. US government data on the other hand showed a resilient economy. Brian Dolan, head of research at consultancy Forex.com, in Bedminster, New Jersey said:, "Now that we tried and failed to stay above $1.60 in euro/dollar, it looks like we're coming back to the bottom, the US data today is pretty clearly dollar positive and we're coming off some weaker European data.

The euro was at $1.5616 by 8:20 a.m. in London, from $1.5682 yesterday in New York. It also slipped against the yen, trading at 163.29 from 163.48. The dollar advanced to 104.52 yen from 104.26.

Source

happy trading!

Thanks for your post !

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