U.S. Forex Market Commentary (FXStreet.com)

[FXStreet.com]

EURO The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4325 level and was capped around the $1.4545 level.&nbsp; Stops were reached below the $1.4355 level, representing the 38.2% retracement of the move from $1.1540 to $1.6040.&nbsp; As expected, the European Central Bank kept its main refinancing target unchanged at 4.25%.&nbsp; President Trichet was relatively neutral in his press conference today and this caused the monetary<div class="feedflare">
<a href="http://feeds.fxstreet.com/~f/fxstreet?a=cmiXtL"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=cmiXtL" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=f6exeL"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=f6exeL" border="0"></img></a> <a href="http://feeds.fxstreet.com/~f/fxstreet?a=lWSJal"><img src="http://feeds.fxstreet.com/~f/fxstreet?i=lWSJal" border="0"></img></a>
</div>

complete story here... (http://www.fxstreet.com/fundamental/market-view/us-forex-market-commentary/2008-09-04.html)