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Commodities Briefing - Categorized | Currencies, Market Moves more

Dollar rises vs euro in choppy trade as volume thins

Posted on 30 December 2008

From Guardian: The dollar rose against the euro on Monday, reversing early losses in a late surge as investors snapped up the greenback in thin trading after the single currency failed to sustain gains fueled by fighting in the Middle East.

The conflict had earlier prompted a flight to traditional safe-havens such as the Swiss franc and gold. It also led to euro buying and spurred demand for oil, as well as commodity currencies such as the Australian and Canadian dollars….. Full Article: Source


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