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Day: January 22, 2009
January 222009
The Worse U.S. Economy Gets the Deeper EUR/USD Goes
Contrary to the common sense the EUR/USD declines when more bad news comes out from the U.S. — the worlds largest economy. Probably, the traders believe that if things are so bad in America, other countries will also get plundered by the recession. EUR/USD traded with almost no significant change during the first half of the trading session today, but now its down to near 1.2937 — […]
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January 222009
SGD Up as Traders not Sure in Policy Change
The Singapore dollar gained against the U.S. dollar for the second day today as the traders reduced their bets that the monetary authorities are going to use the currency depreciation to stimulate the economy. The market participants pushed the Singapores dollar up before the government reports on its stimulus package in the new budget. The fight with the recession may continue without […]
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