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Day: June 1, 2009
June 12009
Russian Ruble Climbs on Oil Uptrend, Stocks Rally
The Russian ruble posted gains against the U.S. dollar for the third day in a row, as the demand for oil increases, causing the Russian stock market to have the highest rally since the beginning of the global slump. Since the oil has rebounded reaching $67.50 a barrel this week, a sharp rally has followed in the Russian equities market, consequently pushing the ruble up, which had suffered severe losses as the global slump started last year. Russias economy is highly orientated […]
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June 12009
EUR/USD Rises for Third Day as GM Goes Bankrupt
Euro continued to advance sharply against the U.S. dollar today as the U.S. are witnessing their biggest bankruptcy case in history. Economic indicators that came out from the United States today (other than GM bankruptcy) were better than expected. EUR/USD is now trading near 1.4209. Personal income rose by 0.5% in April after decreasing by 0.2% in March (revised up from -0.3%). Personal spending decreased […]
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June 12009
Dollar Slides as GM May Announce Bankruptcy
The dollar fell against currencies in Asia in the beginning of this weeks session, as General Motors may file for bankruptcy this Monday. General Motors Corp. a company which was once the biggest in the world in its sector, is ready to file for bankruptcy, and the fact that the U.S. government will inject money and become its main owner brought the Dollar Index to the […]
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