Forex trading on Monday 09.03.09
Kategorie: Dollar Forex, 09.März 2009
In February, by the Conference Board published U.S. Employment indicator rose by 3.2% to 91.0 points. In contrast, the employment indicator in January was located at 94.0 points. It is clear, the U.S. labor market will continue in the coming months, deliver no positive Imnpulse to the markets.
ECB chief Jean-Claude Trichet said at a meeting of the Bank for International Settlements (BIS) in Basel that global growth this year is colse to zero. He expects that growth will pick up again 2010.
The ECB Executive Board member Juergen Stark believes that after the rate cut the previous week the end of the flagpole for the ECB has not yet been reached. He still sees room for maneuvering interest rates.
The temporarily impacted the euro which slipped until the afternoon $ 1.2555, but recovered to $ 1.2640.
One euro was trading in the international forex at 18:00 clock for USD 1.2615, 1.4654 Swiss francs and yen traded 124.7100.