Record Unemployment Wins Greenback
Monday, 09th November, 2009, 07:00 GMT The Greenback weakens against all the major traded currency pairs as the unemployment rate in the US has broken the psychological barrier of 10% against the consensus of 9.9% for the month of October, thereby, losing 0.2% from September. The unemployment rate is the highest in 26 years, with [...]
Greenback Weakens after Chinese Bankers’ Comments
Monday, October 26, 2009, 08:55 GMT Greenback continues to head southwards this week on remarks made by the Chinese central bank researcher Zhou hai (Division chief, financial research department, People’s Bank of China) that China should move its massive foreign reserves into Euro and Yen holdings instead of USD. The news attracted an immediate reaction [...]
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