Investor attention remains focused on the turmoil around Fannie and Freddie and fears about more credit losses at regional banks drove the Dollar sharply lower a day ago, with the Euro hitting a record high at 1.6037. But concerns about
The three day break in crude oil continued to provide support for the Dollar while sending the EUR/USD into a major retracement zone. Based on the main range of 1.5610 to 1.6038, the Euro is expected to see fresh buying
USD/JPY 106.27 - 18 July USD/JPY Open 106.22 High 107.06 Low 104.75 Close 106.31 The US Dollar climbed significantly yesterday against the Japanese Yen from yesterday's bottom 104.75 to the top 107.06, which are the first support and resistance levels
The USD/JPY traded higher on Thursday as traders welcomed the friendly news from J.P. Morgan and lower crude oil. The news from J.P. Morgan, better-than-expected, helped ease some of the concerns about the banking sector. Traders were relieved as the
The USD/CAD rose on the break in the crude oil market. Although lower energy prices are supposed to be beneficial to an economy, in this case they will adversely affect Canadian exports. After reaching an objective of par, the USD/CAD
The Dollar surged against the Yen on Thursday and erased earlier losses versus the Euro as Oil prices plunged and investors worried that high energy costs and financial market turmoil were slowing global growth. US stocks also rallied as Oil
The USD/CHF rallied sharply higher as the news from J.P. Morgan helped to take some of the bearishness out of the financial sector as traders gained more confidence in the Fed's ability to turn this sector around. Investors have been
The GBP/USD has been trading firm this week buoyed by lower crude oil and the higher stock market. Traders have also been relieved that the inflationary news is lessening the possibility of an interest rate cut by the Bank of
The local Postbank Thu signed a 150 mln euro loan agreement with a syndicate led by Austria`s Raiffeisen Zentralbank. The syndicate comprises 15 banks from seven countries. A couple of days ago First Investment Bank contracted a five-year 10 mln
Sofia Territorial Directorate of the National Revenue Agency (NRA) reported a 31-percent, or 592 million leva (302.68 mln euros), year-on-year increase in collected taxes for the first half of 2008, BTA reported. The revenue from taxes and soc...
BNB central exchange rate for US Dollar is 1.23661, which is 0,00257 stotinki more than Friday`s BNB exchange rates for July 21 , in effect since 4 o`clock PM today, are: for currency value leva change leva 1 ...
The AUD/USD is feeling pressure from slowing demand. A statement earlier in the week from Reserve Bank of Australia Governor Glenn Stevens also implied that inflationary pressure will ease. Financial traders are now factoring in the possibility of interest rates
The NZD/USD felt pressure on Thursday from traders reallocating assets out of New Zealand and into the U.S. stock markets. Although the higher yield offered by this country is attractive, traders decided to take on a little more risk for
