The dollar touched the highest level in a month versus the euro after speculations suggesting that banks throughout the world are still facing severe difficulties tor reestablish their financial situation fueled a rally for safety this Tuesday in trading markets. After speculations suggested that the Federal Reserve is discussing future steps regarding interest rates in the United States which remain at a record low level, markets tumbled and demand for safety … “Dollar Up on Banking Sector Problems”
Month: November 2009
EUR/USD isn’t convinced by good figures
Another Monday brings another surprise in American figures, this time for the upside. This triggers risk appetite – the dollar weakens across the board, apart from the Yen. But last week’s fear is far from over – EUR/USD couldn’t climb back. It looks like the pair is back in the range, waiting for developments, and … “EUR/USD isn’t convinced by good figures”
Euro Grows Against Yen on Economical Optimism
The European currency surged against the Japanese yen and the other major Forex-traded currencies today as the traders reacted to the signs of the global economy recovery with buying high-yielding assets and currencies financed by relatively cheap loans in USD and JPY. The euro has already recovered one third of its Friday daily drop against the Japanese currency. Positive reports from Australia, signaling a sure recovery from the recession, added optimism to the currency markets. … “Euro Grows Against Yen on Economical Optimism”