New bad news for the dollar set above 1.36 today.
The dollar was set on pressure again. The ECB signals for expecting new interest rates hike followed by the serious rumors for Fed rate cut on the next meeting are one of the reasons for the weak dollar. On the other side some economists predict that the US economy come into recession and the traders fast to sell the bought dollars after Fed injection in the market. It is expecting new signals for the mortgage sector today with the report of new home sales for July. The dollar felled above 1.36 for euro today and very fast will climb the chart to the record high levels of 1.3850.
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