Euro rises to new record against yen
Sterling trades weaker on gloomy U.K. economic prospects
By William L. Watts & Lisa Twaronite, MarketWatch
Last Update: 7/21/2008 12:13:00 PM
SAN FRANCISCO (MarketWatch) — The euro and yen stole the spotlight from the U.S.
dollar Monday, with the European unit rising to a record against Japan’s
currency.
The euro was buying 169.46 yen, up [...]
Golds’ price is likely to raise this Monday and Tuesday as traders continous to sell of dollars.
“It is a green light to continue selling U.S. dollars. It is most likely what we’re going to see on Monday and Tuesday,” said Michael Woolfolk, senior currency strategist at the Bank of New York Mellon.
“It was a very [...]
Credit crisis overshadows dollar
G7 to meet amid turmoil, tensions
By William L. Watts, MarketWatch
Last Update: 4:17 AM ET Apr 11, 2008
LONDON (MarketWatch) - Forget the falling dollar. Efforts to come up with an
answer to a pernicious and surprisingly persistent credit crisis will be the top
job when finance ministers and central bankers of the Group of Seven [...]
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