Forex Blog: Currency Trading News & Analysis.

August 16th 2007

Dollar and Yen Continue to Strengthen

Despite the effects of US subprime mortgage troubles on the rest of the world, investors have scaled back risky ventures and increased the value of both dollar and yen. While this result may be inadvertent, it is much appreciated by those who have lost major funds in the stock market recently. The future doesn’t look any brighter for US mortgage, either. According to Hemscott:

Housing starts sank 6.1 pct in July to a 1.381 million unit annual rate, the lowest since January, while building permits — a more forward-looking indicator — fell 2.8 pct to a 1.373 million rate, the lowest since October of 1996.

Read more: Dollar and yen continue higher amid flight to safety

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Posted by Amy Cottrell | in Japanese Yen, US Dollar | No Comments »

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© 2004 - 2023 Forex Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.