greeceeu.jpg Home Page News Page The euro finished last week three standard deviations below its 20-day moving average. Even though the returns in the foreign exchange market are not normally distributed, this is a rare event, and reflected the stretched technical condition of the dollar following the stronger than expected US jobs data. After a slow start in Asia, the euro climbed from a little below $1.0825 to $1.0900, where sellers awaited. The euro finished last week three standard deviations below its 20-day moving average. Even though the returns in the foreign exchange market are not normally distributed, this is a rare event, and reflected the stretched technical condition of the dollar following the stronger than expected US jobs data. After a slow start in Asia, the euro climbed from a little below $1.0825 to $1.0900, where sellers awaited. See Also links url: http://www.economywatch.com/features/US-Economic-Strength-and-Bond-Buying-by-the-ECB-and-BOJ-Should-All-Benefit-the-Dollar.03-06-15.html Title: U.S. Economic Strength and Bond Buying by the ECB and BOJ Should All Benefit the Dollar See Also type: Reference read more
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