Day: December 16, 2008

December 16
2008

Chilean Peso Strengthens on Dollar Weakness

The Chilean currency appreciated to its monthly high against the U.S. dollar yesterday, as the greenback experienced a downfall against the high-yielding currencies and the peso performed better than the other regional currencies. Yesterday’s growth of EUR/USD and GBP/USD allowed some of the emerging markets’ currencies to restore some of their value against the dollar. The Chilean peso was among such currencies and, […]

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December 16
2008

EUR/USD Soars as Fed Cuts Rate

EUR/USD went up significantly today after the CPI report showed another month of deflation, the housing slid and the Federal Reserve announced that the federal funds rate is reduced. EUR/USD is currently trading near 1.3967. Consumer Price Index (CPI) decreased by 1.7% at a seasonally adjusted rate in November, following 1% decline in October. The overall year-to-year gain is currently at 1.1%. The price decline exceeds the […]

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