Day: December 7, 2009

Bullish Dollar on Rate Bets, Stocks Downmarket

The U.S. dollar reached the highest level in a month versus the European common currency and also gained versus all high-yielding options among currencies as pessimism returned to stock markets and bets that interest rates in the U.S. will be lifted rose. After an employment report that shifted market sentiment last Friday, the dollar found support to rally strongly versus currencies linked to commodities like the Australian dollar, and emergent market options, […]