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Day: May 11, 2010
May 112010
Aussie Weaken by Doubts About EU Loan Package
The Australian dollar fell against its U.S. counterpart, erasing its yesterday’s gains, and versus other most-traded currencies on the concerns that the loan package won’t resolve the fiscal crisis in the European Union. The pessimistic outlook for the European economy makes investors to look for safety and drives away from the riskier currencies, such as the Australian dollar. The growth of the industrial output in China was lesser than expected, also weakening Aussie, because China is […]
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May 112010
Euro’s Recovery Was Short-Lived, Further Declines Expected
The euro’s recovery proved to be short-lived as was signaled by the euro’s decline today against U.S. dollar and other most traded currencies; the speculation suggests that that the central bank will keep the interest rates at the current record low level, causing concern for the performance of the common European currency. The European Central Bank may keep the main refinancing rate at 1 percent to help the struggling European economies, causing speculation that the euro […]
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May 112010
Dollar Rises Against Euro as Debt Concerns Return
The U.S. dollar advanced today against the euro, resuming its previous trend after retreating against the common European currency on announcement of the loan package by the EU governments, which failed to alleviate the concern about the future of the European economy. The worries remain as the trouble in Europe seemed to be too deeply ingrained to be resolved by such measures as lending to the indebted countries and buying debts, in the opinion of most economists. The analysts say that it won’t […]
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May 112010
Good Old Cheap VPS UCVHOST
The latest Forex VPS service that has been listed on EarnForex.com is UCVHOST. Its description is now available to the site’s visitors. It’s also possible to rate and review this hosting. UCVHOST is offering its services since 2000, making them quite an old VPS company. They offer a range of MT4 VPS plans from $12 to $30 but they all come with a pre-installed MetaTrader platform […]
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May 112010
EU Lending Package Boosts Australian Dollar
The Australian dollar rose today against its U.S. counterpart and some other majors after the European policy makers announced their plans to spend almost $1 trillion on the debt purchases to aid the debt-laden European countries, resulting in the increasing attractiveness of the riskier assets. Australia attracts investors with its high benchmark interest rates, which are 4.5 percent, compared with the U.S. rates of 0–0.25, though the moves on the currency market […]
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