[profitmaker]

The USD is falling on hard times, and right before the holiday season in the United States. The greenback has so far witnessed a sharp decrease in value against its currency counterparts. EUR USD is in a consolidation after the last bullish movement following the previous uptrend. However, there are some interesting issues in this scenario. The EUR did in fact make strong gains against the Dollar, but it remained flat against every other currency counterpart.
This indicates two important pieces of information. First, this means the EUR did not move the EUR/USD pair, the USD did the moving. Second, it tells us the EUR is not moving much at all. This means the Euro-Zone economies are not having much of an impact on the value of its currency. The EUR may in fact be waiting for clear signs of direction from the United States' economy before picking a direction.

[url=http://jasonmcgraph.wordpress.com/2008/11/26/consequences-of-global-economy-deterioration/]Consequences Of Global Economy Deterioration « Jasonmcgraph’s Weblog[/url]