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Day: March 26, 2009
March 262009
EUR/USD Up Slightly after Final Q4 U.S. GDP Report
Euro traded slightly stronger against the dollar today before and after the reports that only confirmed that the U.S. is still in recession. EUR/USD is currently trading near 1.3591. Initial jobless claims rose from 644k to 652k last week, while they were expected to go up only to 650k. Final Q4 GDP report showed a revised decline of 6.3% (compared to 6.2% preliminary report). The economic analysts […]
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March 262009
Korean Won Grows on Dollar’s Decline
The South Korean won, which is the outsider among the Asian currencies in the current year, rose to near the 2-month high against the U.S. dollar today as the latter declined on the lower risk-aversion mood of the currency market. The inflow of the investors foreign currency into the Korean stock market allowed the domestic banking institutions and exporters to fulfill their demand […]
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