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Day: November 25, 2008
November 252008
Bottom Formed on EUR/USD?
EUR/USD continue to rise today for the third straight day on the stock market optimism that was earlier based on the Citigroup bail-out and now on a new plan worth $800 billion to unfreeze the lending in the U.S. financial system. Fundamental reports from the United States that were released today didn’t impact Forex rates […]
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November 252008
Yen Gains after Two Days of Losses
The Japanese yen rose today against the major currencies after losing for two days as the U.S. macroeconomic reports will show the worsening of the crisis, according to the analysts expectations, and the investors will cut the amount of assets funded in the Japanese currency. The yen experienced one of the worst days yesterday as the stocks surged in U.S. on the revealing of the […]
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