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Day: June 17, 2009
June 172009
Dollar Falls Slightly as Interest Rate Speculations Grow
The dollar posted slight losses against currencies like the Singaporean dollar and the yen after speculations that the Fed will not increase its interest rates this year eased the optimist outlook for the North American currency this Wednesday. The greenback slid against a number of currencies after the Federal Reserve dropped its expectations to increase the interest rates […]
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June 172009
Pound Drops After Rise in Unemployment
The pound posted losses versus the main currencies after a bearish day in the stock market followed by a rise in the United Kingdom unemployment figures, damping demand for the British currency. Multiple factors brought the pound sterling down this Wednesday after Bank of England policy makers voted for the continuation of a asset-purchasing program, affirming that it must last until its efficiency is determined. […]
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June 172009
Positive Revision of CPI Spurs EUR/USD Growth
The U. S. dollar fell against the euro today as the consumer price index report showed a positive revision of the Aprils value and also a higher than expected value for May. EUR/USD is now trading near 1.3855. CPI rose by 0.1% in May in the United States after remaining unchanged in Aprl (revised from -0.7% reported a month ago). The forecasts for May were averaged near […]
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