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Archive for August, 2009

Dollar stronger on falling stocks

U.S. indexes continue falling, with Dow Jones industrial Average down 1.53% and S&P 500 1.57% down. Dollar is stronger across the board, except against Japanese Yen, with EUR/USD printing a fresh daily low so far

Korean Won Rebounds Strongly

Last year the Korean Won was one of the world’s weakest currencies- and that’s saying a lot when you you consider how many currencies tanked at the onset of the credit crisis. The Won lost

US Data Disappoints

The greenback edged higher against the majors in the Wednesday session, pushing the euro beneath the 1.44-level and the sterling below the 1.70-figure as US equities drifted into negative territory. The economic reports released earlier
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