Day: December 12, 2008

December 12
2008

EUR/USD Keeps Positions After Enourmous Growth Yesterday

EUR/USD continues to keep its position on the Forex market today after gaining 2.5% yesterday. The macroeconomics continued to hurt the U.S. markets and the dollar today, showing some really bad reports. EUR/USD is currently posting a moderate advance and is trading near 1.3395. PPI decreased faster than the traders expected, losing 2.2% in November after posting -2.8% value in October. The median […]

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December 12
2008

Yen at Century High as Carmakers Bailout Fail

The stock markets fell down greatly today pushing the Japanese yen up to its highest level since mid 90’s against the U.S. dollar and the Great Britain pound as the GM and Chrysler chances to survive narrowed after the U.S. lawmakers failed to approve the bailout plan. Unlike previous trading sessions, where the yen moved in a unison with the U.S. dollar as both were […]

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