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Day: February 1, 2008
February 12008
AUD, NZD Going for 5th Daily Gain
Today both the Australian and New Zealand dollars continued their daily growth against their counterpart from the United States on willingness of the Forex traders to earn from the interest rates difference. Two days ago Federal Reserve lowered its benchmark interest rate by 50 basis points to 3.00%, widening the gap between the record high interest rate in New Zealand. Australia remains one of those countries that may decide to rise […]
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February 12008
Falling Nonfarm Payrolls Fail to Support EUR/USD
Nonfarm payrolls is one of the most important indicators of the U.S. economyâs health. Market analysts expected it to grow up in January by 50,000. But in reality it didnât grow at all, instead it dropped by 17,000. At first, this fueled dollar bearsâ activity and drove EUR/USD up close to the historical borders, but then, after release of some other important indicators, it went down to about 1.4800. The part of the employment […]
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