Good Week for Euro Spoiled by Credit Rating Cuts Posted: 07 Oct 2011 02:30 PM PDT The euro erased its gains versus most major currencies today as Fitch Rating downgraded credit ratings of Italy and Spain, reminding traders that the story of debt problems in Europe is far from over.(...) Read the rest of Good Week for Euro Spoiled by Credit Rating Cuts (141 words)
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USD Falls After Non-Farm Payrolls, Rebounds Posted: 07 Oct 2011 09:42 AM PDT The US non-farm payrolls grew almost two times of the forecast value, supporting the optimistic outlook for the US employment caused by the ADP report earlier this week. The US dollar fell after the payrolls were released, but currently regained its strength.(...) Read the rest of USD Falls After Non-Farm Payrolls, Rebounds (85 words)
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