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Day: February 11, 2009
February 112009
Trade Balance Deficit Shrinks, Budget Deficit Grows, Dollar Strengthens
EUR/USD fell today despite the not-so-good fundamental reports from the U.S. that were released today. The trade balance deficit wasnt as good as the traders have expected, while the Treasury budget deficit grew significantly. And only oil reserves growth was a really positive signal for the dollar bulls. EUR/USD is now trading near 1.2881. U.S. trade balance deficit was at $39.9 billion in December — down from $41.6 billion in November but below the quite […]
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February 112009
British Pound Drops Before Reports
The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today. The pound is currently falling for the second day against the dollar and the euro and for the third against the yen. Market participants expect that the Bank of England Inflation Report […]
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