Day: October 23, 2008

October 23
2008

EUR/USD Slows Down in Its Fall

EUR/USD is currently down at an unusually slow rate after declining for four days at a rather fast pace. It looks like the markets aren’t yet ready for a stronger growth of dollar and need to wait a little time before continuing a strong bearish trend on EUR/USD currency pair, which is now trading near 1.2807 level — such rate was unimaginable to the Forex traders just 3 months ago. Initial jobless claims […]

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October 23
2008

Rupee Declines More as Stocks Tumble

The Indian rupee continued to fall against the U.S. dollar and the Japanese yen today as the Asian stock markets fell again, spurring the outflow of the capital from the emerging markets. The India’s central bank allowed the domestic companies to attract more foreign loans yesterday, lifting the limit imposed last year to cool down the financial markets. That effort failed […]

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