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Day: March 18, 2008
March 182008
EUR/USD Unchanged on Mixed Fundamentals
EUR/USD remained mainly unchanged after todays releases of the macroeconomic statistics in U.S. The overall trading day was bullish for the currency pair it rose from 1.5715 to 1.5783, but it failed to set a new record high level today. The yesterdays high value at 1.5902 remains the highest rate that EUR/USD ever reached on Forex. Building permits in February fell down from 1,061k to 978k, while only a mild drawdown […]
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March 182008
Australian Bank Lower U.S. Dollar Forecasts
According to Australias largest mortgage provider, Commonwealth Bank of Australia, the U.S. dollar will perform worse than experts previously expected for this year. The strengthening financial crisis in the United States forced the Federal Reserve to cut rates at a greater pace than it was expected in the banks previous forecast. The U. S. dollar has already dropped about 5% against the Australian dollar and 3.9% against […]
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