Forex Trading Pips Live Update, Friday 10th August

by Joe Oliver, Forex Trading-Pips

The euro weakened for a fourth straight day versus the US dollar early Friday morning following data from China which showed Chinese export and import growth slowed sharply last month. China’s exports rose 1 percent in July from a year earlier, following an 11.3 percent increase in June, and way below economists’ expectations for an 8.0% expansion. We are currently short euro in our Forex Signals Program.

Euro currency hourly bars

Euro currency hourly bars