Sunday, July 19, 2009

Monthly Reviews

Pound Slides

July 24th, 2009 Great Britain pound
The pound posted losses today versus most of the 16 main traded currencies as today, gross domestic product figures released in the United Kingdom revealed that the quarterly recession in the European nation was more than double of what economists forecast




Yen Declines as Stocks Rally

Friday, July 24rd, 2009 Japanese yen
The yen lost against all 6 major currencies as stocks continued a rally that is already the longest since 2003 on speculations that the global slump maybe ending, damping demand for the safe profile of the Japanese currency


Euro Rises on Manufacturing

Friday, July 24th, 2009

EuroThe euro posted the first climb versus the U.S. in four days as this Friday a report indicated that the European manufacturing and services contracted at a slower pace, and German business confidence improved.


Dollar Rebounds

Friday, July 24th, 2009

US DollarThe U.S. currency rebounded versus several currencies after bottoming at a six-week low versus the euro, as speculations that the CIT Group may file for bankruptcy boosted demand for safety.



Banks Slash Rates; Pound, Euro, Franc Drop

Friday, July 24th, 2009

European Central BankThe Europe’s currencies posted a daily drop against the U.S. dollar after showing a moderate volatility during the early trading session after the regional central banks cut the interest rates at an unexpectedly large scale.

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