The world is keeping track on Forex to follow the incline and decline of the dollar, euro and other currencies. The dollar is getting lower against the euro and U.S. interest rates are staying low and is predicted to stay are lower for a longer time, at least compared to other major currencies and countries.
The surprising news of the week was seeing Intel Corporation and JPMorgan lifting up and beating their forecasts, Which led making people feel more comfy and less risky. Intel, the world's 5th best brand and a leader in manufacturing semiconductors, has beaten the forecast and predictions Had an increase in revenue by 4.4 percent. The estimates were less but this certainly was good news for the economy.
As for the dollar index was kind of down by 0.19 percent. As for the euro it has hit a new rate at 1.4967 against the dollar. The yen also rose and the British pound.
Although some brighter signs from the American consumers' side, yet nothing is certain. The bad news is that as long as the unemployment keeps rising, the interest rates are not getting better. And once the rates are raised then the dollar will recover slowly.
Let's wait and see what happens next in the forex world! As one day we are up and running and the next day we are down and low!
World-Forex The dollar falls low
Posted by
sample
Tuesday, November 17, 2009
0 comments:
Post a Comment