Forex: EUR/USD hits 1.4051 fresh 4-month high

Saturday, May 23, 2009

Euro keeps climbing against the Dollar. EUR/USD recently went above 1.4040 to test 1.4050. The pair continues its up trend. The par has risen 50 pips during the American Session. Current price at 1.4041 is 1% above today’s opening price. EUR/USD is gaining more than 4% during the week.

Against the Yen, the Euro is also stronger. EUR/JPY broke above 132.00 rising to 132.70 which is the highest of the week. So far today the par has risen 1.11% from opening price.

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