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Day: January 14, 2009
January 142009
EUR/USD Little Lower after High Intraday Volatility
The plethora of the macroeconomic statistics that was out in the U.S. today moved EUR/USD up and down with a great strength during the Forex trading session. Eventually, despite the bad reading in almost all reports, the dollar took the upper hand and is now leading in its rivalry against the euro. EUR/USD is currently trading near 1.3173. Import prices fell by 4.2% in December, […]
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January 142009
Dollar Weakens before Important Reports
The U.S. dollar declined today against the other major currencies, except yen, after rallying for three days, as the investors sought a technical correction before some important macroeconomic reports to be released today in United States. Federal Reserve Chairman Ben Bernanke said yesterday that the new fiscal policies wont produce a long-term recovery effect on the whole economy, hinting that the additional […]
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