Day: October 15, 2008

October 15
2008

EUR/USD Down a Bit in Sideways Trend

EUR/USD went down slightly today after the bad fundamental data was released in U.S. The currency pair is still trading in a sideways daily trend that started on October 6. Dollar grows despite the poor macroeconomic statistics from U.S., because any bad market information is actually good for dollar in the time of crisis. EUR/USD is currently trading near 1.3613 level. NY Empire State Index that measures […]

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October 15
2008

Australian Dollar Falls on Stock and Oil Drop

The Australian dollar fell today against the Japanese yen after the U.S. stocks failed to demonstrate Monday’s growth and the Japanese Nikkei showed poor dynamics during the earlier Asian trading session. Despite the $3 trillion dollar liquidity injection planned by the global governments, equity and commodity markets fail to return to the stable growth. The concerns that the financial authorities are […]

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