Euro Dollar Rate Close To Year High

The Euro remains close to breaking the year high recently seen despite poor Euro zone retail sales figures today- The FOMC Minutes release in the next two hours could prove very interesting in terms of future monetary policy for the Dollar and determine whether the Euro will break new ground in the short term…If you are selling Euros or buying Dollars keep a close eye on the next 3 days!

The Pound is up close to 1% against the Euro at market close, although Manufacturing & Production PMI tomorrow and Euro zone GDP figures are the ones to watch to see if this trend will continue prior to Thursdays Big Rate Watch.