Day: December 15, 2008

December 15
2008

Dollar Down before Fed Rate Deciosion

The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout of the U.S. automakers. While both interest rate cut and the bailout of the country’s biggest car-making companies are the positive factors for the whole U.S. economy, they are certainly hurting the U.S. […]

Read more
December 15
2008

EUR/USD Hits 2-Month High as Foreign Purchases Barely Cover U.S. Domestic Sale

EUR/USD posted a fourth day of growth today and soared to its highest level since October 15 as the macroeconomic outlooks worsen further for the U. S. The reports on the manufacturing sector confidence, the international capital and the industrial production flows disappointed investors and the dollar bulls. EUR/USD is currently trading near 1.3564. NY Empire State index fell slightly in December — from -25.4 to -25.8, setting a new […]

Read more