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Day: July 31, 2008
July 312008
ZAR Trades Near 6-Month High vs. Dollar
The rand of South Africa traded near its 6-month highest value against the U.S. dollar today before and after the report that showed acceleration in the producer price index last month. The producer-inflation report that was released today at 9:30 GMT today in Johannesburg revealed that June inflation accelerated to 16.8 percent year-to-year growth compared to 16.4 percent annual rate in May. Monthly advance in June […]
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July 312008
Dollar Slides on Disappointing GDP Data
EUR/USD soared up today immediately after the report on advance GDP figures for the second quarter of 2008 came out in U.S. It disappointed the investors and is currently pressing on the greenback. Employment data also came out much worse than the majority of the traders expected today. EUR/USD is currently trading near 1.5633 level after reaching as high as 1.5700 in early trading after GDP report. Advance GDP growth […]
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