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Day: September 18, 2008
September 182008
Dollar Still Down But Got Better After Poor Macroeconomic Reports
The EUR/USD currency pair continued its ride up today before the economical releases in U.S. came out. Surprisingly, positive U.S. stock market opening, bad macroeconomic reports and the EUR/USD correction coincided today. EUR/USD reached 1.4542 today — the highest rate since September 4, but its currently trading near 1.4360 level — just slightly above its opening 1.4335 value. Initial jobless claims rose from 445k […]
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September 182008
Yen Slides as Central Banks Act Jointly
The Japanese yen fell today against the other major currencies on Forex after the central bank of the developed countries said that they will act together to provide the necessary liquidity to the global financial system. The interbank borrowing cost of the U.S. dollar rose yesterday to the highest level since 1999. Federal Reserve European Central Bank and Bank of Japan joined […]
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