By zagros, on December 9th, 2010
The Australian dollar outperformed against its currency counterparts on Thursday as the economic docket reinforced an improved outlook for the region, while the Euro slipped to a low of 1.3165 as fears surrounding the European debt crisis continued to weigh on market sentiment.
Daily Winners and Losers
Currency
Last
High
Low
Daily Change (pip)
Daily Range (pip)
AUDUSD
0.9833
0.9885
0.9776
38
109
The Australian dollar . . . → Read More: Australian Dollar Rally To Be Short-Lived, Euro Capped By 20-Day SMA
By zagros, on December 9th, 2010
NEW YORK (AP) — The dollar climbed against the euro after the credit ratings agency Fitch slashed Ireland’s debt rating, saying its big bailout showed its debt crisis was worse than had been known. The move highlighted the euro region’s problems and prompted traders to resume selling euros.
The European Union bailed out . . . → Read More: Dollar climbs after Fitch cuts Ireland’s ratings
By zagros, on December 8th, 2010
Dollar gains vs euro, yen after Obama, GOP make a tax deal that could boost US economy
The dollar kept gaining against yen and edged higher versus the euro Wednesday in the aftermath of a tax package that, if passed, could boost the U.S. economy.
Republican leaders and the White House made a deal extending . . . → Read More: Dollar higher after Obama, GOP make a tax deal
By zagros, on December 8th, 2010
NEW YORK (AP) — The compromise backed by President Barack Obama and Republican leaders on extending tax cuts crushed bonds Wednesday as traders expected the plan to lead to higher budget deficits and a pickup in economic growth. Stocks posted modest gains.
Congressional Democrats could still scuttle the tax agreement, but bond traders . . . → Read More: Stocks edge higher, Treasurys fall on tax-cut plan
By zagros, on December 7th, 2010
High gas prices on display at a Shell gas station in San Francisco, Monday, Dec. 6, 2010. Americans are getting a sour holiday surprise at the gas pump, where prices are at the highest they’ve been in over two years. Although supplies remain plentiful and gasoline demand has diminished since September, . . . → Read More: Oil prices hit $90 milestone
