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Day: January 26, 2009
January 262009
EUR/USD Posts Biggest Daily Gain This Year
Today EUR/USD rose at a fastest pace since December 17. As the fundamental data reports were very positive in the United States, traders thought that it might be a good chance to bet against the dollar in the favor of the more risky and high-yielding currencies. EUR/USD rose from 1.2916 to 1.3141 as of now. Existing home sales rose by 6.5% from the annual rate of 4.45 million to 4.74 million in December. The market analysts expected a decline to 4.4 million. That can bring a much needed positive […]
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January 262009
NZD Falls as Service Industry Contracts
The New Zealand dollar declined against the U.S. and Australian currencies today as the countrys services industry continued to decline for a ninth month in a row last December, according the Performance of Services Index that was released yesterday. The index of the service industry was reported at 48.0 for December — up from 47.3 in November; but the reading below 50 means a contraction in all of the countrys service sectors. The report […]
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