Following Fundamentals Trends - March 2008

More of the same in March, as the dollar slide continued. The unit once again hit all time lows against the euro and once again the economic data showed further signs of contraction as US lost jobs for the third month in a row. However, March also produced first evidence of weakness in the EZ , demonstrating that US was not the only G-3 nation to suffer from the oncoming slowdown in global growth and suggesting that the EURUSD rally may be coming to an end.