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Day: March 31, 2009
March 312009
EUR/USD Slows Down but Still Up After Consumer and Manufacturing Confidence Reports
EUR/USD rose today in a correction movement after three days of declining. Dollar was hurt by the unexpectedly revived interest in the stock markets and even the not-so-good reports released today couldnt make euro to fall against it. EUR/USD is now trading near 1.3238. Consumer confidence index rose from 25.3 to 26 in March — lower than the traders have expected (27). Chicago PMI index went down from […]
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March 312009
Yen Heads for Biggest Quarterly Loss in Years
The Japanese yen declined today against the other major currencies as the stock markets corrected after the yesterdays fall and the yen became too overbought. The traders also expect a worst in 30 years business confidence index to be reported by the Bank of Japan tomorrow. The yen is currently losing largely against the euro as the market participant believe that the European Central Bank will […]
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