Technically speaking a drop to 1.4637 is quite possible for the E$.
I don't think we will see either anytime soon.
Dislikednot the Oil price....
Some of th Opec members have agreed to drop the price to the US and another country. by 55 cents I think.Ignored
DislikedSaudi cuts Aug light crude prices to Asia and U.S.
Sun Jul 6, 2008 12:25am EDT
DUBAI (Reuters) - Saudi Arabia cut its official selling prices for August for light crude oil to customers in the United States and Asia, state oil firm Saudi Aramco said late on Saturday.
The kingdom cut the price of Arab Light to U.S. customers by 55 cents a barrel to WTI minus $3.00 a barrel.
It cut the Arab Light price for customers in the Far East by 70 cents to the Oman/Dubai average plus $1.35 a barrel.
(Reporting by Ola Galal; Editing by Thomas Atkins)
Could make for an interesting open.Ignored
It's a move in the right direction.
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