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Day: March 3, 2009
March 32009
EUR/USD Fell on Growing U.S. Income and Spending
EUR/USD fell yesterday after the reports on the growing personal income and spending showed that the U.S. consumers may help the countrys economy to recover faster from the crisis. The declining construction spending failed to move the dollar down against the euro yesterday. The currency pair ended its trading at 1.2560 after opening at 1.2618. Personal income rose by 0.4% in January after contracting […]
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March 32009
Aussie Rises as RBA Leaves Rate Unchanged
The Australian dollar went up against all other major currencies today after the countrys central bank decided to leave the policy interest rate unchanged, unexpectedly stopping its most aggressive rate-cutting streak. The Reserve Bank of Australia left the rate unchanged at 3.25 percent today for the first time in seven month, stating that the record low interest rates and the governments spending are […]
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