Source: ForexYard A positive Chinese GDP report, combined with a better than expected German ZEW Economic Sentiment figure led to some investor risk...
German Data Gives EUR a Boost
Source: feedproxy.google.com
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USDCHF’s downward movement extended to 1.0331
USDCHF’s downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range...
China relaxes rules to ease overseas investment
China’s foreign exchange regulator says it will change some rules to make it easier for Chinese companies to invest...
Bank of Uganda Cuts Interest Rate 100bps to 22.00%
The Bank of Uganda cut its new monetary policy interest rate (the central bank rate [CBR]) 100 basis points to 22.00% from...
EUR/JPY drifting lower
EUR/USD is back at it’s opening level of 1.3890 and USD/JPY is on it’s session lows at 98.25. This means of course that EUR/JPY is lower, currently trading at 136.50 after posting a high at 137.30 earlier in the session. Dealers say that interest is very low and it is a case of small...
Forex Forecast - November 9-13 2009
During the weekend, the finance ministers of the G20 countries are meeting in St. Andrews, Scotland. The headlines that will come out from there will impact the markets, and especially EUR/USD, which is sensitive to global events like these. EUR/USD, the world’s favorite currency pair, partially...