Posts published in February 2009

AUD Gains for 2nd Day as Confidence Grows

The Australian dollar showed the second day of growth against the U.S. dollar and the Japanese yen today as the traders feel a growing confidence in the Australian economy…

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Euro Recovers From Yesterday Losses

The euro posted a moderate daily gain against the other major currencies today after some regional banks reported not-so-bad results for the fourth quarter of 2008. Among…

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Euro Weakens before ZEW Survey

The European single currency reached its lowest level against the dollar since the early December as the Forex traders expect that the ZEW Survey report will…

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USD/KRW Approaches 2-Month High

The South Korean won declined to almost two-month low level against the U.S. dollar today as the global economic crisis worsened, prompting investors to sell the emerging markets’…

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Pound Bounces Up on Stock Market Growth

The British pound showed the first daily gain today after three consecutive losses against the U.S. dollar as the country’s stock market showed an unexpected growth. The pound…

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AUD Falls as Stimulus Plan is Rejected

The Australian dollar declined against the U.S. dollar, the Japanese yen and the euro today as the country’s senate refused to adopt the Prime Minister’s stimulus package worth of $27.4 billion.…

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British Pound Drops Before Reports

The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today.…

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Yen Rises on Risk Appetite Decline

The Japanese yen rose by the most in February against the U.S. dollar and posted the considerable gains versus the euro and the pound as the investors and…

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