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Day: June 12, 2008
June 122008
Dollar Got Pushed Up by Today’s Fundamental Reports
The EUR/USD currency pair sunk down below the yesterdays close level as the U.S. dollar continued its growth today after some good fundamental reports were released in the United States. Both retail sales and business inventories fulfilled the dollar bulls expectations today. Import and export prices rose in May by 2.3% and 0.3% respectively. That growth followed 2.4% and 0.5% […]
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June 122008
Aussie Falls on Employment Drop
The Australian dollar fell to its one month low against the U.S. currency as the jobs dropped in May for the first time since October 2006 and the traders became more confident that the central bank wont be raising interest rate more. The Aussie showed the worst performance today among the 16 most-traded currencies on Forex as the high interest rates may have already […]
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June 122008
Dollar Gains on Retail Sales Expectations
The U.S. dollar rose against euro, pound and yen today, rebounding from the yesterday drop, as the market strategists expect a good report on the U.S. retail sales to support Feds hawkish interest rate outlook. The retail sales report that will be released today at 12:30 GMT will probably show that the consumer economy got boosted by the governments $50 billion tax-rebate plan checks. Better retail […]
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