agha

http://money.cnn.com/2009/02/24/markets/dollar/index.htm

Once again Dollar mixed up against European currencies as of February 24 2009. While on the other hand Dollar looks like strong against Yen. Dollar rose 1.3% against Yen. Dollar often boosts, when turmoil in the broader market, where as stock prices in Europe were lower after noon trade. Investor should pay closer attention to reports on housing market and consumer confidence, so that they might not have phobia for being lost. S&P national home price index fell to 18.2% in the fourth quarter last year. It was expected to be fallen in Consumer Confidence Index, but they were hoping to be normal by the time.

agha

      currency report

http://www.bloomberg.com/apps/news?pid=20601101&sid=aYiK3Ev9xvVs&refer=japan

As of February 16 (Bloomberg), Japan economy shrinks, and investor had to sell riskier assets. Yen snapped two days of losses against dollar, and the Euro asG7. The pound also fell versus dollar. The Euro also dropped against dollar. As it is seemed to be Japan’s currency may appreciate to 110/Euro next three months. The group accounts for about two-third of the world economy, which is composed of USA, Japan, Germany, U.K, Italy, Canada and France. Exchange rate movement in USA should be volatile today because of the national holiday. According to Bnp Paribas dollar will rises to 1.22 euro and 95 yen by the end of September. Rising Cost of insuring against default by a peripheral European government remains negative background for Euro.

agha

http://uk.reuters.com/article/usDollarRpt/idUKT9641120090206

                             CURRENCY REPORT

From last two weeks, investors were trying to be on safe side. Because of economy down, people were still facing many problems. Unemployment rate was increasing day by day. Dollar value was up in January at the first week, last two weeks dollar was falling down. Euro, pound sterling, Australian and kiwi dollar was gaining against USA dollar. Due to anomaly situation, Obama is trying to keep the economy on track that is why he decided to announce more jobs to people. He also announced about stimulus bill. His administration expected to have a bank rescue plan by next week. While senate resumed its debate about 900 billions stimulus package on Friday 02/06/09. Investor still had a phobia, and they are still hoping to have a positive result in the future.