Greenback Tumbles as Swiss Franc shines

Tuesday, 26 April 2011 02:51

Two important events are expected to take place tomorrow that will have an effect on the Dollar in the forex market. Federal open Market Committee (FOMC) meetings which start today and continue tomorrow; and tomorrow’s press conference with the Federal Reserve Chairman, Ban Bernake. He is expected to discuss the monetary policy matter.

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ECB president’s comments on interest rate cause EUR to slip

Tuesday, 26 April 2011 11:15

For the first time since 2008 the European Central Bank tampered with europes interest rates in order to maintain stabilized prices, the ECB rose interest rates by 0.25% from 1% to 1.25% earlier this month; and now ECB’s president Jean-Claude Trichet is speaking in interviews about the interest rate and inflation views.

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USD hits 3-year low. AUD 29-year high.

Thursday, 21 April 2011 11:42

U.S dollar depreciates to a 3-year low price in the forex market causing a spur by analysts saying that this it’s possible it might fall further. With a dim outlook the USD fell against most of its major currency rivals.

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Australia expecting PPI data results

Wednesday, 20 April 2011 04:15

Important news of Australia’s PPI (Producer Price Index) data is being released April 21st. No matter the results that come out the frequency of this release in a worl of appreciating inflation makes it of valuable importance.

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EUR appreciates to 15-month high

Wednesday, 20 April 2011 03:26

European currency peaks to over a year high price against the Greenback.

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