Posts published in April 2008

Pound Slides as House Prices Fall 2.5%

The Great Britain pound fell sharply today against dollar, euro and yen as the house prices fell in March by 2.5%, indicating that the country’s mortgage market slump is not over yet. Halifax House…

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ZAR Gains on Rising National Reserves

The South African rand grew today against the U.S. dollar (and the other world currencies too, because dollar is rising today) as the report showed an increase in the…

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Dollar Aimed for Weekly Gain over Yen

The U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the…

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Dollar Stops Its 2 Days Growth

The U.S. dollar stopped its 2 days growth period and started to go bearish against other currencies today after the Asian trading session ended. Investors’ attention turned to the…

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UAE Studying Dirham’s Peg to Dollar

The United Arab Emirates government has established a new committee, which purpose is to study the possibility of scrapping the dirham’s peg to the U.S. dollar and the reasons to maintain this…

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