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Day: December 11, 2008
December 112008
EUR/USD Posts Biggest Weekly Gain in Years
EUR/USD gained today at the same pace as on Monday and now the currency pair is showing its biggest weekly gain on record. The stock market optimism removed the risk-averting mood from the markets and the euro is gaining over the U.S. dollar, despite the fundamental indicators that signal a strong recession in the United States. EUR/USD is trading near 1.3229 level now. Export and […]
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December 112008
Dollar Near 2-Month Low vs. Euro
The U.S. dollar dropped to the weakest level during the last 6 weeks against the European currency as the worlds stock markets rallied despite the delay in the U.S. automakers bail-out. As it has become known yesterday, the $14 billion bail-out plan to rescue the General Motors Corp., and Chrysler LLC is likely to not get voted for by the Republican party in the U. S. Senate. The dollar declined […]
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