47.00 Dollar US$ Some Signs of Recovery Fort Shafter

Published date: February 25, 2019
  • Location: Bronx, Fort Shafter, Hawaii, United States

Euro Tumbles

The Euro which provided many Easy Insta Profits with Forex opportunity last week has taken a tumble in currency markets. The Euro had risen to a two month high and many took advantage of the forex investment opportunities offered by the Euro. The Euro declined against the US dollar because of remarks by Peer Steinbrück, the German finance minister who said the Euro was threatened if the European Union's growth pact was not taken seriously.

German Official Expresses Concern About Euro

Mr. Steinbrück told Germany's parliament that "If it is not taken seriously, I am telling you, the euro will have trouble one day in terms of its own credibility and stability." The Euro declined 0.8% against the dollar and traded at $1.3429. The US dollar provided forex investment opportunities after Russian and Japanese officials said that the dollar's status as the world's reserve currency would not be a topic of discussion at the upcoming G 20 summit.

Dollar Rises Against Major Currencies

The US dollar also rose 0.9% against the Swiss Franc, 0.8% against the Aussie dollar, and 0.5% against the Canadian dollar providing many with forex opportunity. Forex brokers also noted that the British Pound fell 1% against the dollar. Data showed that the UK economy declined by 1.6% in the last three months of 2008, the worst performance since 1980.


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