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Day: February 6, 2009
February 62009
EUR/USD Rallies after Nonfarm Payrolls Report
EUR/USD currency pair posted an unexpected growth today as the U.S. economy reported an even faster decline in the nonfarm jobs and the unemployment rate exceeded the pessimistic forecasts. EUR/USD is now trading near 1.2941. Nonfarm payrolls fell by 598k in January after falling by 577k in December (revised down from the decline by 524k). The decline in the nonfarm payrolls was expected to be near 540k. The […]
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February 62009
AUD Grows on Possible Rate Bottom
The Australian dollar is currently heading for a first weekly gain against the U.S. dollar this year as the traders believe that the bottom in the interest rates is near and the countrys economy will begin recovering soon with the help of the governments stimuli. The Aussie grew for a third day in a week after the Reserve Bank of Australia signaled that the fiscal measures combined […]
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