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Day: June 19, 2008
June 192008
EUR/USD Down for the First Day This Week
EUR/USD posted its first daily decline this week today — it went down from 1.5528 to 1.5489. Even bad employment data didnt help the euro to get higher against the U.S. dollar. Initial jobless claims fell from 386k to 381k last week, but nevertheless were higher than 375k forecast. May leading indicators rose 0.1% in May a similar growth in April and forecasted stagnation for […]
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June 192008
Swiss Franc Lower after Rate Decision
The Swiss National Bank decided to keep the countrys main interest rate at its 6-year highest value facing the risks of both a higher inflation rate and a slower economic growth. The Swiss franc fell today against the U.S. dollar in the Forex market as 3-month LIBOR target rate was left unchanged at 2.75 percent. It was an expected decision, but some analysts forecasted a possible 0.25 percent increase. […]
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