Wednesday, May 30, 2007

Pound and Euro Down

The US Dollar got a small reprieve this morning with both the Pound and the Euro trading lower. Both pairs took a beating on weak Euro PMI numbers, most notably in Germany, which saw a huge collapse from 55.6 to 47.3. Retailers blamed the drop on the inclement weather between April and May, and expect better demand as the summer progresses. Read More....