All the reports released this week conspired against the U.S. dollar value. It all started with the release of the highest unemployment rates since you and I probably were not even born and the things were much worse (or at least this is how the kids think about the year 1949, when there were no playstations and mobile phones around).
Interestingly enough, this week the sterling pound has dropped to its lowest level in 12 years against a broad basket of currencies amid a wave of weak economic performance indicators released. This GBP weakening kept alive a talk about a cut in interest rates by the Bank of England. Sterling’s trade weighted index hit 89,5, the lowest level since October […]
It seems that after a very strong start at the beginning of August, when the US$ has reached almost 1,51 to the Euro. However, it seems that investors are marking their profits today Aug 23rd. Of course, the low prices of oil did help this too, whilst the gold prices forcing the 1,000 USD a troy ounce limit.
Interestingly enough, these days the US good economic news tend to come all together, as did the bad news for several months in a row previously. First of all, the USD has gained a serious foothold against the troubled Euro, up to 0,67 of 1 euro. It has done so by steadily climbing in the last 5 days from 0,657, […]