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Day: December 7, 2007
December 72007
Australian Dollar Gained on Lower Risks
Australian dollar gained against other currencies — about 1% against U.S. dollar and more than 1.1% against Japanese yen, yesterday after U.S. President George W. Bush stated that government will act to prevent the further damage from the mortgage financing crisis and to help those already hurt by the crisis consequences. AUD is currently experiencing downtrend which started in the mid October, when the subprime lending crisis […]
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December 72007
EUR/USD Unconcerned with U.S. Employment Data
EUR/USD was mainly ranging today as the markets were undecided whether it is going bullish or bearish expecting the release by U.S. BLS on the November employment situation. After quite optimistic release came out dollar bulls took their ride for a while, but then euro bulls started to push EUR/USD back up keeping it slightly above the average daily range. Nonfarm payrolls — the main indicator of the U.S. employment […]
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