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Day: July 15, 2008
July 152008
Dollar at All-Time Low against Euro
The U. S. dollar reached its new all-time low against the European currency and is now trading just a little below that level. After some positive economic releases came out in U.S. dollar recovered slightly but is still trading in a very dangerous zone near 1.6000 level. The new maximum on EUR/USD is 1.6038. NY Empire State index posted an unexpected increase in June, going up from -8.7 to -4.9. […]
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July 152008
AUD Gains on U.S. Credit Market Losses
The Australian currency rose its highest value in last 25 years against the U.S. dollar as the credit markets continued to lose on the mortgage lending crisis in the United States. The Australian dollar (also referenced as Aussie in the Forex slang) showed a fifth day of growth in a row and reached the maximum level against the dollar sine January 1983. Investors are afraid that the […]
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