Friday, August 22, 2008
The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably won’t be able to raise the rates by the year’s end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yen’s growth against... [read more]
Friday, August 22, 2008
The euro and the pound both weakened versus the US dollar Wednesday after new data showed that the German economy contracted by 0.5 percent in the second quarter and the minutes of the latest meeting of the Bank of England showed a three-way disagreement on where interest rates should go. There were also indications in the Monetary Policy Committee’s meeting minutes that the risk of inflation could... [read more]
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