Day: December 30, 2008

Dollar Declines on Oil Shortage Expectations

The U.S. dollar began today’s trading session with a rather strong decline against the euro, after posting a significant gain yesterday, as the investors expect the oil prices to surge on the Middle East conflict. The European currency is the best performer in the Forex market currently. It lacks the dependence on the oil, unlike the U.S. dollar; it also has the highest interest rate among […]