0
   

the buck stalls here

 
 
Reply Mon 27 Jul, 2009 10:00 am
Quote:
LONDON (Reuters) -- The dollar index fell to its lowest level since early June on Monday as gains in equities and oil encouraged investors to take on more risk, prompting strong gains for the euro and commodity-linked currencies.

European shares rose 0.6%, while oil prices came close to $69 per barrel, reaching their highest in more than three weeks as investors stayed optimistic on the global economic outlook.

This helped the euro to its highest since early June against the dollar, while gains in commodities helped propel the Canadian dollar to its strongest since October 2008. The Australian dollar also hit its strongest since early June against the U.S. currency.


Quote:
LONDON (Reuters) -- Oil rose for a third session on Monday to hit the highest in more than three weeks near $69 a barrel as stock markets gained on hopes of an economic recovery that would boost fuel demand.
  • Topic Stats
  • Top Replies
  • Link/Embed
Type: Discussion • Score: 0 • Views: 50 • Replies: 0
No replies

 
 

Related Topics

Who or What is Responsible? - Discussion by Merry Andrew
A visual guide to the housing crisis - Discussion by Cycloptichorn
How will we pay for it all? - Question by FreeDuck
The Vanishing Republican Voter - An Analysis - Discussion by Robert Gentel
The Chris Dodd plan for the economic crisis - Discussion by Robert Gentel
Let it crash - Discussion by FreeDuck
America is broke - Discussion by McTag
 
  1. able2know
  2. » the buck stalls here
Copyright © 2009 Horizontal Verticals :: Page generated in 0.34 seconds on 11/23/2009 at 06:13:21 Top End