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New York,December 4: EUR/USD has fallen back to 1.2100 as the much-anticipated decision
from President Bush to remove tariffs on imported steel has been announced. He
said the decision was based on the economy"s benefit from free and fair trade.
Since the imposition of the tariffs the US steel industry has had ample time to
restructure and face the foreign competition. The falling Dollar is a plus as
well giving them some competitive advantages, but with some Asian currencies
fixed against the Dollar, not much impact is seen against producers from that
region. The outlook for a 1.2150/1.2050 range is growing and the recent trend of
early action followed by dull afternoons looks likely to be recreated. --
Thomas.Rogers@thomson.com 取消了?
消息怎么这么灵通呀
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