ForeX

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Entries for January, 2008

Dollar Little Changed Against Euro Before Fed’s Rate Decision

Jan. 30 — The dollar was little changed against the euro and yen amid speculation the Federal Reserve will cut interest rates by a half-percentage point today to prevent the U.S. from falling into recession.
The currency pared losses after a private report based on payroll data indicated companies in the U.S. added more [...]

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Yen Falls as Japanese Stock Rebound May Spur Investment Outflow

Jan. 18 — The yen declined against 14 of the world’s 16 most-active currencies as a rebound in Asian stocks encouraged purchases of higher-yielding assets funded by loans in Japan.
The yen trimmed its weekly advance against the euro as the Nikkei 225 Stock Average erased an early loss sparked by concern subprime mortgage [...]

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