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Day: January 13, 2009
January 132009
EUR/USD Falls for 3rd Day After Budget and Trade Deficit Reports
EUR/USD continued to fall for the third daily trading session today. It reached the lowest level since December 11 after reports on both budget deficit and trade balance deficit were released in U.S. today. Now EUR/USD is trading at 1.3194. Trade balance deficit decreased from $56.7 billion (revised up from $57.2 billion) to only $40.4 billion in November — much faster than the analysts expected (the average forecast was […]
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January 132009
NZD Drops as Credit Rating Outlook Revised
The New Zealand dollar dropped to the monthly low against the U.S. dollar today as the S&P rating agency revised the countrys foreign currency credit rating outlook from stable to negative. Standard & Poors, one of the worlds leading credit rating agencies, confirmed New Zealands AA+ foreign currency credit rating and revised its outlook to negative yesterday. The countrys currency reacted with a drop as the confidence in the […]
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