The Australian Dollar is facing a rough time recently with it coming under selling pressure very early with their Government announcing a reduction in their spending by A$6.8 Billion, thereby reducing … [Read more...]
Forex News: Euro trades below 1.3300 against USD
December 2, 2011 By 1 Comment
The variations in the market with the EUR/USD continued as it peaked to 1.3441 during European trading but then experienced a gradual weakening to come down to 1.3300 level. The retail sales for … [Read more...]
Forex News – There is a rise in the Euro, IMF clarifies they are not in talks with the Italian Government
November 30, 2011 By Leave a Comment
Monday saw the Euro rising following reports by a newspaper from Italy that the IMF was designing an aid package for the country. However, doubts on the plan’s feasibility limited the Euro’s … [Read more...]
Forex News: GBP/USD falls down below 1.5500
November 30, 2011 By Leave a Comment
The Dollar gained in strength at the New York trading and thereby was able to bring down the losses that it had suffered earlier. When the American session began, the GBP/USD reached a peak value … [Read more...]
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