Posted by R. MAK. on September 12, 2009 ·
On Friday, the week’s dollar sell-off continued, as the greenback hit a fresh 12-month low.The latest indicator to investors that the worldwide slowdown is drawing to a close is an accelerating economy in China, and they avoided the “safe” dollar in favor of gold, by which an 18-month high level has been hit, as well as other commodities and…
Posted by R. MAK. on September 11, 2009 ·
On Friday, there has been a fall of the U.S. dollar to a one-year low against major currencies as investor optimism about the global economy has been reinforced by Chinese and U.S. economic data and…
Posted by R. MAK. on September 9, 2009 ·
On Wednesday the U.S. dollar fell, as investors moved to riskier assets like stocks and higher-yielding currencies and now it has touched new low levels for 2009 against major currencies.Hopes for economic recovery has been supported by the rally in European and U.S. stocks, and together with the fall in U.S. dollar borrowing costs, it has encouraged investors to…
