The US dollar is down across the board today
March 06, 2008
The US dollar is down across the board today
Thu, Mar 6 2008, 14:12 GMT
by Wachovia Research Team
Yesterday, the Fed's Beige Book reported that "economic growth has slowed since the start of the year." This contrasted with the previously released Beige Book which reported that "economic activity increased modestly, but at a slower pace compared with the previous survey period."
The European Central Bank and the Bank of England both kept interest rates steady this morning as expected. The euro hit record highs versus the British pound early this morning but has come off sharply since.
A minor explosion in Times Square this morning went off next to a US Army recruiting center. There were no injuries or major damage.
The US dollar is down across the board today. The Swiss franc hit a record high against the dollar as rumors about the Times Square explosion caused investors to unwind risky trades. The euro hit an all time high versus the dollar on the same news. In addition, commodity prices have spiked which has hurt the dollar.
Thu, Mar 6 2008, 14:12 GMT
by Wachovia Research Team
Yesterday, the Fed's Beige Book reported that "economic growth has slowed since the start of the year." This contrasted with the previously released Beige Book which reported that "economic activity increased modestly, but at a slower pace compared with the previous survey period."
The European Central Bank and the Bank of England both kept interest rates steady this morning as expected. The euro hit record highs versus the British pound early this morning but has come off sharply since.
A minor explosion in Times Square this morning went off next to a US Army recruiting center. There were no injuries or major damage.
The US dollar is down across the board today. The Swiss franc hit a record high against the dollar as rumors about the Times Square explosion caused investors to unwind risky trades. The euro hit an all time high versus the dollar on the same news. In addition, commodity prices have spiked which has hurt the dollar.
Labels: Fundamentals, Markets
