June 04, 2009. Investors should Sell
Swiss Franc at $ 1.0700 vs. US dollar. Our analyst
had advised to Sell Euro and British pound on 2nd
June. See where both are trading now.
Monthly Archive for June, 2009
June 02 Selling Euro at 14300 or at 1.4280 level is good for investors , brokers and speculators as there are wide spread speculations in the Market that currency may fall below 1.4200 very sharply.
June 02. US dollar fell to 1.4300 against Euro on speculation that Excess borrowing will undermine the US currency. British pound rose to $ 1.6500 since October 2008.
June.1 Gold rose to US $ 982 an ounce in London as Investors took refuge in the commodity because of weak dollar and rising inflation. Prospects are It may test previous high of February 2009, Us $ 1005.40 an ounce. Earlier Us Dollar slided against basket of currencies particularly against Euro on fears of high inflation and Global economic recovery, which compelled everyone to sell dollar and buy commodities.