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Day: June 3, 2009
June 32009
British Pound Climbs Against Euro as Confidence Emerges
The Great Britain Pound hit a six-month high against the Eurozone currency as domestic consumer confidence rose to a two-year high, indicating that recession might soon be over. The British currency reached the $1.66 mark and the highest level against the euro since last December, after an index of U.K. service industries posted the first expansion in a period of more than twelve months. The Australian […]
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June 32009
Dollar Around 09′ Record Low as Risk Appetite Grows
The dollar continued its bearish trend against a basket of currencies after a report on U.S. pending home sales posted the third consecutive monthly rise, improving optimism on markets and extending the current risk appetite wave. Commodity-linked currencies like the Australian dollar and the Brazilian real continued their rally against the greenback as confidence emerges about the world economic rebound, spurring […]
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June 32009
EUR/USD Snaps 2 Days of Growth as U.S. Fundamentals Disappointed
EUR/USD fell by the largest extent since April 27 today as the U.S. macroeconomic indicators failed to maintain the bullish interest in the high-yielding currencies. The oil inventories rose also pressing on the oil prices and thus on the commodity currencies. EUR/USD is now trading near 1.4122. ADP employment report showed a decline by 532k jobs in May, following a decrease by 545k in April (revised down from 491k […]
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