Latest Forex Online Updates

Saturday, June 6, 2009

In his after policy meeting comments, Jean-Claude Trichet commented that he appreciated the U.S. government's declaration that they are committed to a strong dollar, the comment helped keep the Dollars continued losses to a minimum. The Dollar had another rough day on Thursday as investors ponder both the size of the US’s growing deficit and the prospect that the recession is slowing – taking away the Greenback’s safe haven appeal.

The Bank of England left their benchmark interest rates unchanged at a 0.5 percent and stuck to its 125 billion Pound target for quantitative easing, as expected.

The Swedish Crown rebounded from 6 week lows against the euro, brought on by concerns that Latvia might devalue its currency in order to offset the cost of repaying their debt. The Swedish currency is very susceptible to economic issues in Eastern Europe due to heavy investments in the region. The reprieve came after rumours regarding additional support for the Baltic country from the International Monetary Fund were circulated.

Read more at: Finexo.com

2 comments:

Anonymous June 24, 2009 at 1:44 AM  

what a great blog you have here Pallavi !!!! Congrats!!!! You seem a great trader!!!!
http://www.ac-markets.com/forex-news/economic-calendar.aspx
this is a forex economical calendar that I find helpful because it explains what the forex events are about, I hope you like it as well.
Regards!!!

forex training August 15, 2009 at 7:31 PM  

Great blog Pallavi thanks for the the information.

About This Blog

Get the latest Forex online news and updates right here at one place.