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Day: March 27, 2009
March 272009
EUR/USD Drops Extraordinarily Fast, Fundamental News Don’t Change Anything
EUR/USD fell very deep today, mostly before any fundamental news from the U.S. were released, as the pessimism on the global stock markets mirrored itself onto the Forex market. The currency pair is now trading near 1.3311. Personal income fell by 0.2% in February in U.S., following 0.2% growth in January (revised down from 0.4%) and coming out slightly worst than the […]
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March 272009
Ringgit Rises to New Monthly High
The Malaysian ringgit reached its monthly high today on the traders speculations that the demand for the emerging markets assets will increase as the recession eases. The emerging stock markets in the Asian region continue to rise and such currencies as the Malaysias ringgit and the Koreas won are posting one of the longest gaining streak in their recent history. The stimuli from and […]
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