12.12.2008 - Euro hits one-month high as dollar dips
From Guardian: The euro hit a one-month high against the dollar on Thursday and the yen dipped against higher-yielding currencies amid some recent signs of resilience and stability in financial markets. "The rally we are seeing in the euro is related to a number of reasons -- relatively calm markets, collapsing volatility and investors keen to exit some of their short positions ahead of the Christmas holidays," said Sharada Selvanathan, currency strategist at BNP Paribas in Hong Kong..... Full Article: Source
Print