Fri, Mar 6, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Dollar hits 13-1/2 year low vs yen, plunges vs euro

Posted on 18 December 2008

From Guardian: The U.S. dollar tumbled against major currencies on Wednesday, hitting its weakest level in more than 13 years versus the yen, a day after the Federal Reserve cut interest rates to virtually zero.

The euro rallied to its strongest level against the greenback this quarter after the U.S. central bank’s massive rate cut further widened the interest rate differential in favor of the single euro zone currency….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031