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Day: December 10, 2008
December 102008
Yen Stops Growth on Stock Markets Optimism
The Japanese yen is showing another negative trading day this week as the currency traders follow the stock market optimism and buy the currencies associated with the high risk and yield. The yen fell against the Australian and New Zealand dollars (its traditional carry trade counterparts) as the U.S. government and lawmakers are ready to bailout the Detroit automakers, […]
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December 102008
EUR/USD Up as Stock Markets Rally
EUR/USD returned to the upward daily trend today after pausing in an uncertainty yesterday. The main driver for todays growth was the stock market rallies in U.S. and Europe that dont have any fundamental background but are rather based on the fact that the traders are already tired of the selling and see some short-term optimism in the anti-crisis measures taken by the global governments. EUR/USD is currently trading near 1.3010. Wholesale inventories decreased by 1.1% in October after […]
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