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Day: October 1, 2008
October 12008
EUR/USD Falls Despite ISM PMI Drop
EUR/USD continued to fall today after the yesterdays record-breaking decline, despite the unexpectedly low reading of the influential ISM purchase managers index. EUR/USD broke the technical and psychological support line at 1.4000 during the trading session, but then return to the levels above and is now trading near 1.4004. ADP employment report showed that the employment decline slowed down from 37,000 from July to August […]
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October 12008
Taiwan Dollar Rose on Bail-Out Expectations
The Taiwanese dollar gained today after four days of declining against the U.S. dollar as the speculations that the U.S. senate will approve the $700 billion bail-out plan by the end of this week spurred confidence in the Asian currencies. The Taiwans currency rose from the 8-month bottom versus its American counterpart with the whole third quarter of 2008 being the worst for TWD […]
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