ForeX

Forex, Online Currency Trading, Forex Trading, Currency Trading

Entries for November, 2007

Dollar Slides to Record Low Against Euro Before Housing Data

Nov. 20 — The dollar fell to a record low against the euro and the Swiss franc on speculation a U.S. government report will show a deepening property slump, prompting the Federal Reserve to lower interest rates.
A report today may show U.S. housing starts slipped to a 14- year low in October, prompting [...]

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Sell Euro as ECB May Intervene to Check its Advance, UBS Says

Nov. 13 — Investors should bet on a decline in the euro as the European Central Bank may step in and sell its currency to protect exports and economic growth, according to UBS AG.
The euro has gained 10 percent against the dollar this year and reached a record of $1.4752 last week. The 13-nation [...]

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