The pound recovered from recent plummet
The pound recovered from recent plummet resulted from gloomy industrial reports, after manufacturing sector was hit by decreasing demand and rising production cost. ...Read More
Is EUR in front of a new record high versus USD?
Traders that expected a rise of the USD this week got surprised in a bad way after all the negative economic data lowered American dollar’s rapidly to a bottom never-seen before. ...Read More
New money transfer rules for transactions from UK to India
The UK government released new requirements and rules that companies doing transactions must satisfy and follow when money is being sent to India. ...Read More
Lack of confidence in Fed resulted in a record high EUR/USD rate
The USD collapsed, affected by the lack of trust from different financial institutions that questioned the plan of Fed for stabilizing the credit markets. ...Read More
Will bankers follow on the advice of Bernanke?
The Independent Community Bankers association chairman Bernanke had a speech with all the members, regarding the housing trade crisis in the United States. ...Read More
USD reaches record low rates versus EUR
American dollar shifted very low versus the rate of Euro on Thursday last week, after a statement of the ECB president. ...Read More