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Day: April 23, 2009
April 232009
Euro Strengthens on Positive Economic Reports
The dollar and the yen lost ground against the euro, as an index of services and industrial production in Europe showed better than estimate numbers, creating speculations of an economic recovery in the Eurozone. An index combining services and industrial numbers in the Eurozone rose from 38.3 in March to 40.5 in the last report, which was significantly more than what economists were expecting. After breaking multiple record lows, […]
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April 232009
New Zealand Dollar Rises On Credit Improvement Speculations
The New Zealand and the Australian dollar went up as rumors about a credit market recover spread amid investors this Thursday. After a substantial drop during the beginning of the week, the kiwi and the Aussie reversed their trends as the Credit Suisse Group AG, a leading credit provider in the financial sector, reported earnings during the first quarter. The main economies in Oceania […]
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April 232009
Euro Grows Moderately as Statistics Fail to Move Markets
EUR/USD gained slightly during todays trading session despite the predominantly pro-crisis and anti-euro fundamental news that were released in U.S. and Eurozone both today and yesterday. The currency pair is now trading near 1.3020 after closing at 1.3002 yesterday. Initial jobless claims were at 640k in United States last week — an increase of 27k compared to the previous weeks 613k (revised upwardly from 610k). The forecast value was almost the same as the actual reading — 639k. Existing […]
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