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Day: March 4, 2009
March 42009
EUR/USD Grows after 3 Days of Decline and Bad Macroeconomic Reports from U.S.
EUR/USD rose today for the first time in the last four days. All three important macroeconomic reports that were released today in the United States showed that the worlds biggest economy is still quite far from leaving the global financial crisis behind. EUR/USD is trading near 1.2606 now. ADP employment report for February showed a decrease by 679k jobs in that month, following 522k […]
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March 42009
Dollar Up on Deeper Financial Turmoil
The U.S. dollar rose against the the Japanese yen and the Australian dollar today as the investors sought the safety for their funds after the yesterdays optimism vanished on the bad report for the Australian fourth quarter GDP change. The dollar went up against the yen for the second day today and also gained for the fourth day against […]
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