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Day: November 19, 2008
November 192008
Consumer Prices and Housing Fall in U.S., Dollar Goes Up
EUR/USD jumped up today after the two important macroeconomic reports were released today — CPI and new housing starts. But after reaching a peak at 1.2813 EUR/USD corrected and snapped the daily growth. The currency pair is now trading near 1.2578. Consumer Price Index (CPI) decreased by 1% on a seasonally adjusted basis in October. This declined followed the stagnation in September and exceeded analysts forecast […]
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November 192008
Yen Gains After Two Days of Decline
The Japanese yen rose slightly today after losing for the two days on the currency trading market as the U.S. bail-out plans failed to raise the confidence in the high-yielding assets, favoring the yen as the safe-haven currency. Investors has hoped that the part of the $700 billion plan proposed by the U.S. Treasury Secretary Henry Paulson would go to the car manufacturers (GM, Ford […]
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