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Day: March 19, 2009
March 192009
EUR/USD Continues Way Up on Yesterday News
EUR/USD continued its seemingly unstoppable growth today after the Federal Reserve pledged to buy the U.S. treasuries with the printed money yesterday. The fundamental releases were quite mixed today and couldnt affect the dollars fate. EUR/USD is now trading near 1.3698. Initial jobless claims were at 646k last week — down from 658k reported for a previous week and better than 655k […]
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March 192009
Euro Declines in Correction Following Rally
The euro fell against the dollar and the yen today following the yesterdays unprecedented rally as the market participant speculate that ECB will have to follow Feds money-printing trend. The European currency rallied yesterday against the U.S. dollar after the Federal Reserve pledged to buy $300 billion in the U. S. Treasury securities, technically stating that it will print those money. The euro advanced by more […]
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