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Day: December 11, 2009
December 112009
Yen Falls for 2nd Day on Deteriorating Conditions in Japan
The Japanese yen continued its decline against the dollar and the euro for the second day today as the unpleasant economic conditions in Japan make their currency less attractive to the buyers. The technical reasons are also pressing on the yen as the Japanese currency was growing strong during last weeks. While the other major economies show improved macroeconomic conditions (like U.S. and Australia), the indicators coming out of Japan aren’t very optimistic and suggest a further […]
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December 112009
EUR/USD at October Levels as Retail Sales Rise
The EUR/USD currency pair dropped to the lowest levels since early October today as the fundamental indicators in U.S. showed that the country is performing better than the traders and the investors expected previously. Although the Wall Street is trading quite mixed, the dollar is performing well against everything on Forex. EUR/USD is now trading near 1.4606. U.S. export and import prices increased by 0.8% and 1.7% respectively in November. This price […]
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