Archive for March, 2008
The USD Still Roams Bearish Grounds
Posted on28. Mar, 2008 by admin.
Economic News
USD
The USD rallied yesterday against the EUR, after a data showed that the U.S. economy grew in line with market expectations during the 4th quarter.
Yesterday’s finalized GDP figure eased fears of a steeper slowdown after it printed at 0.6% – unchanged from the month prior. A fall in U.S. Unemployment Claims in the latest [...]
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EUR/USD Marching Toward 1.60?
Posted on27. Mar, 2008 by admin.
Economic News
USD
Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing the Dollar back toward lows against the major currencies, most notably the EUR. The EUR/USD pair soared [...]
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The Greenback Goes Down Again
Posted on25. Mar, 2008 by admin.
Economic News
USD
Yesterday’s trading session was characterized by low liquidity as US markets were closed due to the Easter holiday. The greenback was consolidating yesterday against most currencies and showed no distinct trending. The calm status changes later on the overnight trading session as the greenback started to gain all across the board in a quite [...]
