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Day: February 19, 2009
February 192009
EUR/USD Almost Snaps Previous Losses on Positive U.S. PPI
The euro and other major currencies were growing for the whole day against the U.S. dollar today. EUR/USD almost rose to its Tuesdays open level — the day when it fell by the most since February 4th. Currently EUR/USD is trading near 1.2684. PPI increased by 0.8% in United States in January. It was expected to rise by only 0.2% after falling down by 1.9% in December. It looks like […]
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February 192009
AUD Gains for 2nd Day as Confidence Grows
The Australian dollar showed the second day of growth against the U.S. dollar and the Japanese yen today as the traders feel a growing confidence in the Australian economy after the much-needed stimulus package has been adopted there. The strategists from Commonwealth Bank of Australia recommend buying the Aussie against the dollar, the euro and the yen, stating that it will […]
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