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Day: November 13, 2008
November 132008
U.S. Dollar Weakens on Bad Jobless Data
EUR/USD moved in a fundamentally explainable trend today as the dollar fell before and after the quite worrying report on the new jobless claims in U.S. Although the trade balance deficit change was positive, the traders expected such result and didnt value it much into the actual market. The budget deficit report has also disappointed the dollar bulls, pushing the dollar down on the market. EUR/USD is currently trading near 1.2525. Initial jobless claims rose from […]
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November 132008
Pound Stops Below $1.5 as Recession Blooms
The Great Britain pound continued to trade below the psychologically and technically important level of $1.5 per pound for the second day today as the recession continued to show up at its worst in Europe and the U.S. rescue plans changed. The pound went down below the $1.5 rate yesterday — for the first time since June 2002. It now continues to trade below that level, but […]
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