From Xinhua: The dollar rose against the euro but fell against the pound on Monday amid the latest U.S. construction spending report and the tax cut plan of President-elect Barack Obama.
Obama met with top lawmakers Monday to push for quick action on a broad economic stimulus package. The proposal includes tax cuts of up to 300 billion dollars for individuals and businesses. The total value of the tax cuts would be significantly higher than had been signaled earlier. …. Full Article: Source