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Day: July 11, 2008
July 112008
Dollar Falls on Trade Balace and Budget Deficit Decrease
EUR/USD soared to the new highs near 1.5885 after the data on exports and imports was released in U.S. today. And, although the indicators came out better than expected, the dollar dropped at a very fast pace against all major Forex currencies. Import (excluding oil) and export (excluding agricultural) prices both grew by 0.9% in June. This growth followed 0.7% (revised up from 0.5%) […]
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July 112008
Indian Rupee Heading for Weekly Gain
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies good reports will attract traders and the conversion to local currency. The Indias currency rose to its 2-week highest level today against the dollar after the report by the Infosys Technologies Ltd. showed results that exceeded the analysts estimate. […]
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