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Day: March 28, 2008
March 282008
Personal Income Sends Dollar Up
The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947. Personal income rose 0.5% in February â above the forecasted and the previous monthâs 0.3% growth. Personal income […]
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March 282008
Won Heading for More Losses
The South Korean currency is heading for more losses as the government is searching for ways to support the exporting companies and the economic growth. The won is the second weakest major currency after the South African rand since the beginning of 2008 and is the first losing currency for March. According to Citigroups analysis the Korean finance ministry will win with the Bank of Korea […]
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