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Day: April 2, 2009
April 22009
Euro Peaks High against Dollar as Rate Cut is Slow
EUR/USD rose at a very fast pace today, posting the biggest daily gain since March 18 so far. Mixed news on the U.S. fundamental indicators didnt affect the trading much as the Forex traders looked at the ECBs rate cutting action. EUR/USD is currently trading near 1.3413. Last week initial jobless claims were reported at 669k, which is 12k above than 657k (revised up from 652k). Traders expected […]
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April 22009
Pound Gains as House Prices Rise
The British pound rose today against the other major currencies as the house prices demonstrated growth for the first time since October 2007 in United Kingdom this March. The market participants expected that the March report on the nationwide house prices in Great Britain will show a continued decline on the recessing economy. They were wrong as the report showed 0.9 percent month-to-month growth […]
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