ForeX

Forex, Online Currency Trading, Forex Trading, Currency Trading

Entries for August, 2007

Pound Advances Above $2 as Traders Add to Rate Increase Bets

Aug. 23 — The pound rose above $2 for the first time in more than a week as investors added to bets the Bank of England will raise interest rates.

The U.K. currency also gained as the risk of owning corporate bonds in Europe fell to the lowest in more than a month after [...]

Comments (1)

Dollar Falls Against Euro After Unexpected Discount Rate Cut

Aug. 17-The dollar fell versus the euro for the first time this week after the Federal Reserve cut its discount lending rate to prevent credit market losses from slowing the economy.
The dollar weakened against 14 of 16 major currencies as a reduction in borrowing costs dims the allure of [...]

Leave a Comment