Friday, November 27, 2009

WORLD FOREX: Euro Trades Above $1.51; Dollar's Slide Continues

NEW YORK (Dow Jones)--The euro surged above $1.51 Wednesday, shattering a long-standing trading range as the onslaught on the dollar intensified.

The common currency advanced about 1.5 cents on the day, a significant single-session gain for a major currency.

As the greenback's retreat turned into a rout, the U.S. currency also touched fresh multi-month lows against the Swiss franc and yen.

No comments:

Post a Comment