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Day: January 15, 2009
January 152009
EUR/USD Down Despite ECB Decision and U.S. Jobless Report
EUR/USD traded near its open price for the first half of the day today but after the ECB decision to cut the rate by only 50 basis points — from 2.5% to 2% and saying that its not going to go lower during the next meeting, the euro gained momentum and rose a little. Nevertheless after several fundamental reports went out in U.S. EUR/USD went down significantly […]
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January 152009
Yen Grows on Stocks Slump and Bad Reports
The Japanese yen continued to advance today against the dollar, the euro and the British pound as the the other major currency pair are stuck in the neutral zone before the ECB rate announcement. The yen gained for the three out of four days of the current week as the stock markets declined in all the worlds regions and fell sharply in Asia today. […]
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