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Day: December 28, 2007
December 282007
U.S. Dollar Continues Falling
EUR/USD continued to rally today after four unprecedented days of growth, making it the full bullish week for this currency pair with the every trading day session ending in favor of euro. Even holidays with their low financial trading volume couldn’t save USD from losing 2% against EUR. Chicago PMI (Chicago Business Barometer) rose to astonishing 56.6 in December after being only 52.9 in November. […]
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December 282007
EUR/GBP Continues Triumphal Rally
Today euro reached a new record high value against the Great Britain pound after the real estate market of the United Kingdom brought even more negative news thus increasing the chances for the Bank of England to cut the interest rate in January or February 2008. The Nationwide Building Society released a report today showing that U.K. house prices fell by 0.5% in December. This makes for the second consecutive monthly drop in a row after […]
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