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Day: March 11, 2009
March 112009
Yen Gains as Chinese Exports Slump
The yen rose today against the other major currencies on Forex as the Chinas exports declined at a record fast pace and the largest Swiss bank reported an increased loss. According to the Chinas customs bureaus report the countrys trade surplus declined to the lowest level since February 2006; UBS reported $18 billion loss for the year 2008. After that the Japanese yen gained mostly against the […]
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March 112009
EUR/USD Advances Extremely Fast, Ignores Reports
EUR/USD went up for a second day today and the gain is currently the biggest one since the early February. The todays reports, that were quite neutral, havent had any important impact on the actual trading. EUR/USD is trading near 1.2815 currently. Crude oil inventories advanced by 0.7 million barrels last week after decreasing by the same amount a week before. U.S. treasury budget deficit was at $192.8 billion in February — worse than $175.6 billion deficit reported in February 2008.Analysts […]
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