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Day: June 30, 2009
June 302009
Hungarian Forint Climbs on Tax Cuts
The Hungarian forint, which suffered severe losses as its country plunged in one of the deepest recessions among the European Union member nations, reached a six-month high after the Hungarian tax system will change in order to stimulate the countrys agonizing economy. The Hungarian currency hit its highest level since January 8, after lawmakers approved tax cuts as an attempt to rescue the nations weakening economy, spurring […]
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June 302009
Pound Hits 8-Month High Against Dollar on Improved Economic Data
The British currency, which was failing to climb versus its main rivals, the euro and the dollar, posted significant gains in the beginning of this week as improved economic data emerged in the latest British reports. The pound hit a eight-month high level against the greenback after a Nationwide Building Society report indicated a rise in house prices combined with another report showing improved […]
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June 302009
EUR/USD Shows Spike on Consumer Confidence Decline
Dollar was losing against the euro during the first half of the trading session today but managed to regain its position after some important fundamental reports were released in United States. The negative values in the reports made traders to go for the «safer» dollar. EUR/USD is now trading near 1.4042. S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states declined by 18.1% […]
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