01 Sep, 2008
Posted by: ozkan In: credit| credit card| finance| insurance
The dollar fell on Monday, following promising performance after optimistic US housing and consumer data last week. Investors are still wary about the fragility of the US economy opting to play it cautious, as an onslaught of economic data that is released this week.
Oil prices were also a factor in the dollar’s slump, as crude [...]
The US dollar fell against the euro today, as the euro gained ground from its month low earlier this week. It is thought that investors still have concerns over the US economy and have shifted to the euro as they await European economic data released later today.
Many analysts are expecting that the European sentiment index [...]
01 Sep, 2008
Posted by: ozkan In: credit| credit card| finance
The US dollar steadied on Monday, after losing ground on gains made on Friday due to strong US job data. Oil price rises prompted investors to sell over the weekend in favour of higher-yield currencies, but levelled out on Monday as traders wait for Central Bank data this week.
Analysts expect that the euro and dollar [...]