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Day: February 18, 2009
February 182009
EUR/USD Stagnates as Housing and Industrial Production Declines
EUR/USD remained almost unchanged today on the Forex market after a huge drop yesterday. The market was affected by some important macroeconomic news from the United States today and the currency pair reacted with some moderate spikes in both direction. Now its trading near 1.2568. Building permits in January fell to the annualized and seasonally adjusted level of 521k — down from 547k reported […]
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February 182009
Euro Recovers From Yesterday Losses
The euro posted a moderate daily gain against the other major currencies today after some regional banks reported not-so-bad results for the fourth quarter of 2008. Among the banks that surprised the market analysts were the German Commerzbank AG and the Dutch ING Groep NV. Both of them reported lesser losses for the last quarter than the average estimates […]
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