Posts Tagged ‘to euros.’
The euro is taking advantage of the bad U.S. data
February 28th, 2010
The dollar has gone the last week in a constant debacle against major world currencies. The unexpected increase (in magnitude) of unemployment and a higher trade deficit was mainly responsible for the flight of money from dollars to euros. The single currency enjoyed a bullish rally that led her to break the benchmark of $ 1.33. And the trend was upward at the close of the markets. (more...)Tags: issue debt, the currency, the dollar, to euros.