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Day: May 26, 2009
May 262009
EUR/USD Falls on Bad EU Statistics
EUR/USD declined today on the mainly negative fundamental data that came out from the Eurozone today, while the positive U.S. statistics didnt help the euro Forex bulls much. The currency pair is now trading near 1.3942. S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states was reported with a year-to-year change of -18.69% in March, following -18.66% change in February. It was […]
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May 262009
Yuan Falls as China Doesn’t Want Appreciation
The Chinese yuan declined at a fastest pace during the last two months as the countrys central bank lowered the reference exchange rate to stimulate the exporting industry. The Chinas yuan lost about 0.1 percent during one day today after the Peoples Bank of China fixed the reference exchange rate of the yuan to the U.S. dollar at 6.8285 — down by 0.07 percent compared to the previous rate. China uses […]
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