EUR/USD rose slightly today after some strong volatility that it showed yesterday. Overall it still remains in the red zone this week. The released indicators are still very pessimistic for the U.S. dollar. But they rarely matter in the current global financial conditions. EUR/USD is currently trading near 1.2493. Initial jobless claims rose from 515,000 to 542,000 last week, setting a new record level […]
Read moreThe Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also played their role. Dropping more than 1.2 percent today, the Indian currency followed the decline in the local benchmark stock market index, […]
Read moreThe Korean won reached the lowest level against the U.S. dollar since 1998 today as the countrys stock market fell for the eight day in a row and the foreign investors continued to pull-out the funds. Despite the measures taken by the South Korean government to stimulate the economy and the stock markets, both the currency and the equities continue to decline and show […]
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