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1 us dollar costs 0. in this example, benefits Every new forex investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits. To make rational trading decisions the forex trader must be well-educated in market movements.
The dollar pared its loss as the concern on China's Central Bank diversify its foreign exchange reserves
11/13/2006 03:25 pm: EUR/$..1.2805 $/JPY..118.14 GBP/$..1.9007 $/CHF..1.2446 AUD/$..0.7621 $/CAD..1.1379 Dollar Pares Loss as Diversification Concern Fades The dollar pared its loss as the concern on China's Central Bank diversify its foreign exchange reserves away from the U.S. dollar fades. The dollar gained from nearly 1.29 to 1.28 against the euro and climbed more than 1 cent to above 118 versus the Japanese yen. The greenback slumped across the board since China announced that it planned
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The dollar extended its loss after a report showed that manufacturing growth in U.S. slowed in October
11/1/2006 03:40 pm: EUR/$..1.2753 $/JPY..117.04 GBP/$..1.9078 $/CHF..1.2450 AUD/$..0.7748 $/CAD..1.1332 Dollar Extends Loss after Soft ISM The dollar extended its loss after a report showed that manufacturing growth in U.S. slowed in October. The euro climbed to 1.2797 and the sterling rose above 1.91 level against the dollar after the release of the data. U.S. Manufacturing ISM shrank from 52.9 a month earlier to 51.2 in October, below the forecast of 53. The greenback was pushed down
dollar falls to 2-year low against the euro over thanksgiving holiday
The euro "surged" to $1.3086 against the dollar, leading the way for other world currencies, including the GBP which rose to $1.93 and the ruble which rose to a seven year high. The article links this drop to a drop in US economic forecasts and a slowdown in the US housing market. Will a shift in exchange rates drive policy in 2007? Stay tuned.
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