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Day: April 14, 2009
April 142009
Euro Down as Dollar is Sought After Bad Fundamental Reports
EUR/USD declined for the first time since Thursday today before the fundamental reports from the U.S. showed that the American economy is still quite weak and isnt yet recovering from the recession. The currency pair is currently trading near 1.3265. PPI (Producer Price Index) decreased by 1.2% in March, following 0.1% gain in February. The analysts expected it to remain unchanged last month. […]
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April 142009
Yen Grows as Stocks Fall in Japan
The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet. The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports […]
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