Article Summary:

Daily updated information, tips on forex news, forex quotes, forex broker, forex charts, and various forex resources.The euro fell against the dollar at a fastest pace since late March today as the U.S. fundamental indicators signaled a deepening of the recession. The traders now favor safety over gain. EUR/USD is now trading near 1.3785. New York Empire State Index


Article Content:

The euro fell against the dollar at a fastest pace since late March today as the U.S. fundamental indicators signaled a deepening of the recession. The traders now favor safety over gain. EUR/USD is now trading near 1.3785.

New York Empire State Index declined from -4.5 to -9.5 in June. The forecast for this index was at -4.6. It was a first decline of the index since March.

Net purchases of the U.S. long-term securities were at .2 billion in April — down from .4 billion that were reported for March. Traders expected .9 billion for April.

Export and import price indexes were reported last Friday. Import prices rose by 1.3% in May, while export prices advanced by 0.6% during that month. Both grew faster than in April (1.1% and 0.4% respectively).