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Summary Of Currency Markets For June 16th – 22nd 2008

Posted by Allison on 24 March 2009, 09:41

The pound had a turbulent week against the US dollar, starting off at 1.9635 on Monday 16th June. The very next day it slipped back to 1.9482 though, highlighting fears that the pound could be starting to weaken.

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Summary Of Currency Markets For May 2008

Posted by Allison on 24 March 2009, 09:40

If you remember, last month was all about the uncertainty that we are all feeling with regards to interest rates, the economy and the lack of strength that was evident with a lot of currencies, not least the US dollar.

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Summary Of Currency Markets For April 2008

Posted by Allison on 24 March 2009, 09:39

The dollar began the month at around $1.56 against the Euro, and after a slight drop in value to the 3rd April it rallied to a high for the month of around $1.59 on the 16th. It then dipped again before regaining the $1.59 position on the 22nd and 23rd.

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CURRENCY MOVES AND TRENDS FOR MARCH 2008

Posted by Allison on 24 March 2009, 09:39

There is rarely any time in the world of currency where there isn't something really interesting, or important, going on. But the current conditions, it has to be said, are exhilarating.

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CURRENCY MOVES AND TRENDS FOR FEBRUARY 2008

Posted by Allison on 24 March 2009, 09:38

One of the main developments of the month was the records set by the Euro EUR against the US Dollar USD. It wasn't all one way traffic though.

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CURRENCY MOVES AND TRENDS FOR JANUARY 2008

Posted by Allison on 24 March 2009, 09:37

LIBOR rates – the interest rates banks charge each other – seem to be back under control, which is great news for the global economy (and forex in particular) but now American policy makers are worried about the onset of a recession in the USA and they are continuing to slash rates in an attempt to stimulate growth and lower the value of the USD to overseas buyers.

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CURRENCY MOVES AND TRENDS FOR DECEMBER 2007

Posted by Allison on 24 March 2009, 09:36

The US FED's rate cutting reaction to the Sub-Prime problem continued in December, and the UK's Bank of England decided to follow suit and cut their rates too in an attempt to get the LIBOR inter-bank lending rates to correlate more closely to the base rate.

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CURRENCY MOVES AND TRENDS FOR NOVEMBER 2007

Posted by Allison on 24 March 2009, 09:32

The USD had some big moves against the other major currencies in November. There have already been serious dollar declines in recent months, but they show no sign of stopping as further US interest rate cuts may be on the cards.

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