Forex Trading: Euro currency plunges against USD

by Joe Oliver, Forex Trading-Pips

Forex Trading: The euro plunged against the US dollar on Wednesday as five-year note yields in Italy rose to more than 7 percent for the first time since the euro was started in 1999. Political instability and sovereign debt concerns in the euro zone are driving investors away from euros and into the US dollar.

Forex Trading, EUR 60 minute bars

Forex Trading, EUR 60 minute bars

 

 

 

 

 

 

 

The US$ Index has appreciated 5.8% in the past three months.

Forex Trading, US$ Index weekly bars

Forex Trading, US$ Index weekly bars