After posting gains for several days, the dollar has declined versus forex majors on the September 2 forex trading day. It looks like the investors have placed their trust back on other major currencies following the release of better economic forecast and figures, suggesting that global economic recovery, though slow, maybe on its way. From [...]
Risk aversion led to the US dollar posting gains against many major currencies in the forex trading market. The US stocks market suffered from a drop, with Dow Jones and NASDAQ dropping by -1.39% and -1.56% respectively. The Core Price Index came out as expected at 0.1%, while the report for Personal Spending posted a [...]
The Japanese yen was able to post gains against some of the majors over the past weeks. On August 25th, the yen just hit new highs against the dollar as forex trading investors turned to safer assets following the slow economic recovery. The yen reached a new high that was last attained 15 years ago [...]
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