Archive for September, 2008
« Previous EntriesEUR Falls Like A Hot Knife
Tuesday, September 30th, 2008Euro, EUR held its ground against the dollar, USD in the morning trades despite the recent events in the US, European traders were very tentative in the morning trades. With volume and volatility thin on books the pair, EURUSD began dripping as European session awaits the US economic reports. The report came better than expected and the ‘EUR falls like a hot knife cutting through butter’.
GBP Fell Sharply on Bailout
Monday, September 29th, 2008The GBP USD, cable has been under immerse pressure in the last few month because of the closed UK economic link to the US. At a point the market had shed over 400 pips from Friday’s trading session.
Bailout Effect On EUR
Monday, September 29th, 2008On the short-term front the currency market reacted to the news in equal measure to the US mortgage bailout very sharply. Below is the EURUSD chart.
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