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05/08/2008, 11h31
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Broad gain for Dollar before Fed’s rate decision
Crude oil is close to $120 due to rising OPEC output and diminishing demand in the US which resulted in a broad gain for USD.
The Dollar gain more ground against Euro falling through the second support at 1.5510 to 1.5487. The Euro zone annual retail sales’ fall, which exceeds the expectation (-3.1% against -1.20% expected), rise the question of the economic health in Europe. We are awaiting the Fed’s rate decision this evening at 20.15 CET.  
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