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Day: September 25, 2008
September 252008
Dollar’s Giving Up on Poor Fundamentals
Weak fundamentals will probably make Fed to cut the interest rate one more time by the end of the year. At least the dollars bearish movement on Forex today indicate that. EUR/USD reached its peak above the yesterdays high and posted the first positive result in three days. It now trades near 1.4715 level. Durable goods orders unexpectedly decreased by 4.5% in August, following 0.8% increase in July […]
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September 252008
USD Fell as Rescue Plan May Include Rate Cut
The U.S. dollar dropped against three other major currencies for the first time in three days today after George W. Bush said that U.S. may enter a long and painful recession period if the necessary measures arent taken soon. Current macroeconomic indicators in combination with the Bushs speech suggest that the $700 billion rescue plan for the financial system may also include interest […]
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