The US dollar slipped today versus the euro as the experts anticipate that the report today show the low level of confidence among the US homebuilders and on the outlook for the interest rates.
The analysts say that the National Association of Home Builders Housing Market Index was at 14 in September. The value below 50 indicates the negative outlook on the home sales. The Federal Open Market Committee meets tomorrow and expected to keep on its meeting the interest rates on the current low level (below 0.25 percent).
EUR/USD rose from 1.3050 to 1.3098 today as of 10:07 GMT.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.
Be First to Comment