The U.S. dollar has lost a fourth straight week against the European currency (and against the pound and the yen as well) as the whole week was filled…
Dollar Loses 4th Straight Week vs. Euro
March 8, 2008
Posts published in March 2008
Forex Reserves at Record $1.01 trln in Japan
March 7, 2008
Japanese foreign exchange reserves rose to a new absolute maximum value last month almost $1.01 trillion. A $11.9 billion change is attributed to the growth of the euro against the dollar, which was significant in February. Reported…
U.S. Dollar Declines Ahead of ECB, BoE Meetings
March 6, 2008
The U.S. dollar continued its weekly decline today, as the market participants awaited the results of the European Central Bank and the Bank of England monetary meetings. The yield difference between the short-term European bonds and the U. S. Treasuries…
Pound at All Time Low against Euro
March 5, 2008
The Great Britain pound fell to its lowest historical value against the euro today after the pessimistic economic news were released in UK. Pound also lowered against other major currencies…
Australian Benchmark Rate Set to 7.25%
March 4, 2008
The Reserve Bank of Australia increased the national benchmark rate for the second time in 2008 from 7.00% to 7.25%. The last time interest rate was increased on the 5th of February. Currently benchmark interest rate…