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Day: July 16, 2008
July 162008
Markets Expect Further Losses from Banks
The U.S. dollar fell against the Japanese yen today for a second day as the global financial markets expected the U.S. banks to report further losses and decrease the attractiveness of the worlds largest economy. Dollar reached its all-time low against euro yesterday after Ben Bernanke said that the economic risks hadnt diminished yet. Today, investors are waiting for the quarterly […]
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July 162008
Dollar Stronger after TIC and CPI Data
EUR/USD currency pair went down slowly on Forex today after the news releases regarding Treasury International Capital and Consumer Price Index came out in U.S. EUR/USD opened at 1.5911 and quickly formed an upward spike with a highest level at 1.5948, currently its trading at 1.5861. CPI gained 1.1% in June after 0.6% advance in May. The median analysts forecast for this month increase of the CPI […]
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