Forex Charts

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Bailout Effect On EUR

Monday, September 29th, 2008

On 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.

Dollar, USD Gains Stalled

Tuesday, September 23rd, 2008

The dollar has been under immerse pressure for the past weeks due to series of bad news from the US economy. Last week saw the dollar make another 4-month low of 103.52 on the yen having risen to the podium of 110.65. Since making that 13-year low of 95.73 in March 2008 it has been dugged by events.

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