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Day: April 24, 2009
April 242009
Malaysian Economic Stimulus Pushes Ringgit Up
The Malaysian ringgit is topping the gains list among Asian currencies, followed by the Singaporean dollar, thanks to the government stimulus and interest rate cuts. The ringgit rose all week against Asian currencies, on speculations that the Bank Negara Malaysia, the national economic policy maker, is expected to cut interest rates after inflation had the most significant decline in 11 months. Interest rates […]
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April 242009
Pound Falls on Pessimist Moody’s Declaration
The Moodys Investors Service declarations that finances would be deteriorating in Britain brought the pound further down against the yen and the euro. The pound failed to recover against major currencies after negative domestic statements that the government is taking risks managing wrongly a financial system on the brink of collapse. The euro had consistent gains against the pound with improved confidence reports from Germany and France, making the pound unable to react and creating a perfect bulling […]
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April 242009
EUR/USD Grows for Fourth Day
EUR/USD gained a lot on the Forex market today after the European fundamental reports showed some improvement earlier and the U.S. fundamentals removed recession fears in the later trading session. Its now trading near 1.3266. Durable goods orders decreased by 0.8% in March after rising by 2.1% in February. The analysts estimated a 1.5% decline for March. New home sales fell from 358k (revised […]
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