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Day: March 18, 2009
March 182009
EUR/USD Shoots Up as Fed Will Have to Print Money
EUR/USD posted one of its biggest daily gains in history today as the FOMCs press release stated that the Federal Reserve will have to buy the long-term U. S. Treasury securities worth of $300 billion and it means that the money will be printed. The perspective of the increased amount of dollars pushed dollar down on Forex and it lost more than 3% today. EUR/USD is currently trading near 1.3441. Consumer Price […]
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March 182009
Pound Declines before Employment Report
The Great Britain pound declined against the other major currencies today on speculations that the employment report that is scheduled for the release today will show that the situation with labor market is worsening. Despite the continued gains on the global stock markets and the elevated interest for the high-yielding assets, the pound sterling fell for the first day […]
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