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Day: November 13, 2007
November 132007
Bank of Japan Pushes Yen Down
Bank of Japan decided to leave its monetary unchanged on today’s meeting upon releasing its monthly statement on the Japanese economic development. BoJ also left no signs of possible interest rates hike in the near future, leaving carry traders with the opportunity to continue using yen as the selling currency. Preceding the BoJ meeting, Prime Minister Yasuo Fukuda spoke about recent yen’s appreciating against major currencies as fast and bearing […]
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November 132007
Will Better Budget Deficit Help USD?
U.S. dollar started its decline against other majors almost with the beginning of today’s Asian trading session. EUR/USD broke through 1.4600 level but fell from it several times. Overall trading day for EUR/USD can be described as the “highly volatile correction”. The only important (to Forex market) economical data from U.S. today is Federal budget deficit figures by U.S. Treasury. It came out […]
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