Forex Trading : Came EUR / usd under renewed pressure and reached a new 12-year-old bearish lowest 1.0500 as the dollar gained momentum in the last trading session of the week levels.
Although PPI readings and Consumer Confidence Index disappointing, the dollar has received furtherance of another and pull the EUR / USD and GBP / USD to bearish levels in several years during the New York session.
EUR / USD broke decisively lower index 1.05 and fell to its lowest level since January 2003 at 1.0481. At the time of writing the pair is trading at the 1.0520 area, recording a loss of 1.07% on the day on his way to the fourth week of losses in a row.
