Day: March 16, 2009

March 16
2009

EUR/USD Grows on Declining Demand for U.S. Treasuries

EUR/USD went up today for a fifth day in a row after a strong weekly negative gap. The fundamental statistics that was released in U.S. today was extremely negative both for dollar and the global economy. EUR/USD now trades near 1.3003 after reaching as high as 1.3070 today. NY Empire State manufacturing index fell to a new record low this March and is now at -38.2, below the February’s -34.65 and the […]

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March 16
2009

Japanese Yen Falls for Third Day against Euro

The yen declined for the third day in a row against the dollar, the euro and the pound today as the Bank of Japan decided to buy the government debt and the stock markets rose during the Asian trading session. The G20 meeting resulted in a pledge to a collective easing of the monetary policy and fiscal stimulating of the economies to recover from the ongoing crisis. The […]

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