agha

Time line blog#8
January 22nd 2009
Due to typical inflation America as well as Japan, England and Europe were facing unemployment. Investors were trying to seek safety because of yielding low currency.
February 2nd 2009
Dollar value was dropped and Euro showed up by 7%. Due to economic atrophy inflation, people are disappointed being at risk for loss of job.
February 10 2009
Due to anomaly situation Obama decided to announce stimulus package in order to keep the economy on track.
February 16 2009
Exchange rate movement in USA was volatile because of the national holiday. Furthermore, peripheral European government remained negative background for Euro due to rising cost of insuring against default.
February 24 2009
Dollar mixed up with European currency and it looks like strong against Yen. When there is turmoil against broader market, dollar boosts. S&P national home price index fell to 18.2%.
March 03 2009
Anxiety of global economy continued to enhance safe status of USA currency. Overall infraction in currency seemed to be in Euro and pound.
March 12 2009
Foreign exchange market faced the growing risk of deflation. Switzerland was facing worse recession over three decades. Swiss franc fell against euro; it was one of world’s most traded currencies at times for investors.