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Day: September 17, 2008
September 172008
Euro Rises Against Dollar on Housing Decline in U.S.
Dollar dropped its position against the euro today after the yesterdays interest rate decision failed to support the U.S. currency for more than several hours. Poor housing reports showed another (unnecessary) sign of the ongoing recession in the United States. At this level interest rate dont play the role they usually do. Traders try to look at the countries financial system and sell the […]
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September 172008
Pound Falls vs. Euro After Jobless Report
The Great Britain pound fell against the euro, while being moderately up against the other major currencies, after the release of the BoEs minutes and the jobless claims report in the United Kingdom today. As the released minutes of the Bank of England last meeting showed, the interest rate was left unchanged at 5 percent because the inflation risk still weighted over the recession […]
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