ForeX

Forex, Online Currency Trading, Forex Trading, Currency Trading

Entries for April, 2009

Dollar Wins Heads-or-Tails Toss on Growth or Weakening Economy

April 27 — Former Federal Reserve Chairman Alan Greenspan said five years ago that predicting currencies is no better than tossing a coin. A growing number of traders are betting that heads or tails, the dollar wins.
Investors bullish on the U.S. economy say the dollar will strengthen as America recovers first from the global [...]

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Euro Gains Versus Dollar, Yen as Credit Suisse Posts a Profit

April 23  — The euro rose against the dollar and the yen after Credit Suisse Group AG, the biggest Swiss bank by market value, said it returned to profit in the first quarter, spurring demand for higher-yielding currencies.
The yen fell against the Australian and New Zealand dollars as Asian stocks advanced after Credit Suisse’s earnings [...]

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