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Day: April 28, 2009
April 282009
New Zealand Dollars Weakens as Pig Flu Spreads
The New Zealand dollar, followed by its Australian counterpart, fell for the second day on fears that the swine flu may deepen the global slump, affecting tourism and high-yielding assets. After U. S. Regulators told that the Bank of America and the Citigroup are likely to need more capital in the short-term future, the Australian dollar fell below 70 cents for the first […]
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April 282009
Yen Rallies Against Euro On Swine Flu Concerns
The yen, regarded as a refuge currency, hit a six-week high against the euro after the World Health Organization affirmed that the swine flu is spread and cannot be contained. The yen had sharply increased since the announcement that the swine flu may become a pandemic health issue, reflecting also in a terrible Monday for the stock markets. In the United States, not only […]
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April 282009
EUR/USD Rebounds After Yesterday’s Drop
EUR/USD rose a little today after falling significantly yesterday. Todays trading session opened with the bearish sentiment and the currency pair managed to reach the lowest value since last Wednesday but later the rate began to rise. Fundamental reports from U.S. were better than the analysts expected, so that played in the euros favor as traders felt less obliged to buy «safe» dollar. EUR/USD […]
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