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Day: March 7, 2008
March 72008
Nonfarm Payrolls Depress Dollar
Dollar went straight down today on the currency market after the U. S. Bureau of Labor Statistics released its report on the Februarys stressed employment situation. EUR/USD reached 1.5454 a new historical maximum on the release, but then corrected significantly and now (as of 16:00 GMT) is trading at 1.5345. Nonfarm payrolls in February decreased by 63,000 compared to the 22,000 decrease in January. Market analysts forecasted 25,00 growth for the last month, but they […]
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March 72008
Forex Reserves at Record $1.01 trln in Japan
Japanese foreign exchange reserves rose to a new absolute maximum value last month almost $1.01 trillion. A $11.9 billion change is attributed to the growth of the euro against the dollar, which was significant in February. Reported by the Ministry of Finance Japan countrys reserves remain among the highest in the world only China possesses bigger foreign exchange reserves in their U.S. dollar value. Februarys gain was a second straight record setting for Japans reserves this year after a gain […]
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