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Day: December 10, 2009
December 102009
EUR/USD Falls Slowly, Fundamentals Are Pro Dollar
EUR/USD posted little daily volatility compared to the recent trading days today despite some interesting macroeconomic statistics coming out throughout the world. While the weekly jobless wasn’t very favoring for the greenback, the budget and trade balance deficits were better than expected and could help the dollar to grow against the euro. Anyway, EUR/USD dropped slightly today and is now trading near 1.4719 after opening at 1.4738. Initial jobless […]
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December 102009
Euro Suffers as Dubai Situation Worsens
The single European currency approached the yesterday’s minimums against the U.S. dollar and the other major currencies today as the bad news on the Dubai’s troubled debt worsened the global financial outlooks. The demand for the high-yielding assets, including the riskier currencies (such as the euro), decreased after the Financial Times reported that the creditors of one of the Dubai World’s branches are adding pressure on the debtor. The report of the decreased industrial production in France in October has also spurred euro’s […]
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