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Day: November 18, 2008
November 182008
EUR/USD Down After Negative PPI, Steady Foreign Inflow
EUR/USD was trading with a very limited volatility today and currently stays slightly below the opening level after another portion of the mixed macroeconomic statistics came from U. S. EUR/USD is currently trading at 1.2586. PPI (Producer Price Index) dropped by 2.8% in October after declining by 0.4% in September. It should have dropped only by 1.8%, according to the analysts forecast. Core PPI gained 0.4% — the same […]
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November 182008
Singapore Choose to Depreciate Its Currency
Singapore dollar declined for the sixth day against they U.S. dollar today as the countrys monetary authorities will probably use the weak national currency as a stimulus for the export-producing economy. All major worlds central banks reduced their target interest rates earlier to fight the financial crisis. The Monetary Authority of Singapore may devalue SGD against the basket of foreign currencies in order to revive […]
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