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Day: September 26, 2008
September 262008
Dollar Trembles as GDP Report Show 0.5% Less
EUR/USD rose today after the U. S. GDP Q2 results release disappointed many traders. The global stock markets also fell and not the last reason for that was the complete uncertainty about the $700 billion rescue plan. EUR/USD is currently trading near 1.4638 level. GDP in the second quarter of 2008, according to the final revision report, rose at an annual rate of 2.8% — thats 0.5% below the […]
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September 262008
Euro May Fall against Dollar on Paulson’s Plan
The bet on the euro short positions may increase in the following months as the Paulsons rescue plan may pull out the U.S. financial system from the crisis, while the Eurozones economy will be in recession. According to UBS investment bank, traders should sell euro against dollar as the Europes economy weakens. Germanys business confidence is currently showing the lowest level in the last 3 years. U.S. government will […]
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