Day: March 25, 2009

March 25
2009

Dollar Loses to Euro Moderately after Good Fundamental News

EUR/USD rose today for the first time in four days as the U.S. fundamental news came out better than expected and spurred optimism in the Forex and stocks traders. At this moment EUR/USD is trading near 1.3549 after reaching as low as 1.3417 earlier today. Durable goods orders increased by 3.4% in February after the revised decline by 7.3% in January (revised down from -5.2%). The market analysts […]

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March 25
2009

China Wants “Super-Currency” for Reserves

China’s calls for creation of the super-national currency specifically for the global foreign exchange reserves state not only the Chinese point of view that the dollar is going to depreciate in the long-term perspective but also that China is going to play a major role in the process of creation of the new global financial structure. After the U.S. dollar fell at a fastest pace in its history against the […]

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