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Day: January 30, 2009
January 302009
Dollar Continues to Gain as GDP Falls in 4th Quarter
EUR/USD continued to fall today for the fourth straight day as the advance GDP report for the fourth quarter showed a considerable decline of the economic output in U.S. The currency pair is currently trading near 1.2795. GDP (advance) in the Q4 of 2008 decreased at an annual rate of 3.8%. The decline followed 0.5% contraction in the third quarter, but was significantly below the estimated 5.4% drop. Chicago […]
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January 302009
Yen Grows against High-Yielders
The Japanese yen is currently positioned as the locomotive of growth on the Forex market as the global economic slowdown takes its toll, keeping the traders and investors away from the risk-ridden high-yielding currencies. Despite the great problems with the economic situation in the home countries of the so called «safe haven» currencies, the traders expectations for the deepening of the recession in all the […]
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