New signals for spill over the housing slumps.
The dollar advanced against the euro during the last few days from the record low level of $1.3852. The investors avoid riskier assets and repatriate dollars. There are signals for spill over the housing slumps. With the start of the new month the investors will continue expecting new signals for the US mortgage situation and the most important employment sector. It is expecting the US economy to add less new jobs compare with the prior month. The trading will break below 1.36 level but some of the traders will try to buy euros for dollars expecting new record high euro/dollar levels.
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