Posted by Batool on January 1, 2010 ·
Forex is an international currency trading market where currencies are traded in routine. Five major forex markets around the world are: New York, London, Tokyo, Frankfurt and Zurich.
Posted by R. MAK. on December 18, 2009 ·
Early Friday in New York the dollar rose to its highest rate in almost two weeks against the yen after that the Bank of Japan renewed its pledge to fight deflation….
Posted by R. MAK. on December 16, 2009 ·
On Tuesday the euro hit a 2-1/2-month low versus dollar, effected by concerns about the health of euro zone banks, while traders have also been prompted by a slip in German economic sentiment to dump the single currency…
Posted by R. MAK. on December 15, 2009 ·
On Tuesday the euro hit a 2-1/2-month low versus dollar, effected by concerns about the health of euro zone banks, while traders have also been prompted by a slip in German economic sentiment to dump the single currency…
Posted by R. MAK. on December 14, 2009 ·
On Monday after Dubai’s announcement that it had received help from Abu Dhabi to repay its debts improved risk appetite and reduced some of the U.S. currency’s safe-haven appeal and as a result of this, the euro has shown a rise versus…
Posted by R. MAK. on December 11, 2009 ·
On Friday, the dollar reaches its strongest levels in a month versus many of its widely traded rivals, as better-than-expected U.S. economic data has supported anticipations that the key U.S. rates could rise sooner than expected…
Posted by R. MAK. on December 3, 2009 ·
After that The European Central Bank President Jean-Claude Trichet expressed support for a strong dollar and as he announced small steps toward the withdrawal of extraordinary liquidity measures, the dollar recovered from near 16-month lows against the euro. European Central Bank President’s Statement It has been said by Trichet that the euro zone had a [...]
Posted by R. MAK. on December 2, 2009 ·
On Wednesday after worse-than-expected U.S. private-sector jobs data boosted safe-haven demand, the dollar rose, whereas the yen fell broadly on fears monetary authorities may step in to stem the currency’s strength…
Posted by R. MAK. on November 30, 2009 ·
On Monday morning in New York the dollar recovered some of its earlier losses as investors continue to fret over Dubai’s debt crisis despite of the United Arab Emirates’ move of providing funds to local banks. On the day the U.S. currency remains down against…
Posted by R. MAK. on November 27, 2009 ·
On Friday the yen hit a 14-year high against the dollar and it rallied broadly, while the dollar climbed against most other currencies as carry trades and risk exposure were cut down by the investors on concern about Dubai’s debt problems. However, by mid-session in London, exchange rates had recovered some…
