Euro Rally Fizzles Out
Jan 22nd, 2009 | By Chuck Butler | Category: Financial NewsYen continues to kick! Jim Rogers disses sterling… China’s 4th QTR GDP… Singapore announces stimulus… And Now… Today’s Pfennig!
Yen continues to kick! Jim Rogers disses sterling… China’s 4th QTR GDP… Singapore announces stimulus… And Now… Today’s Pfennig!
After a two-day “holiday” to start the week–Martin Luther King Day today (Monday) and Inauguration Day tomorrow (Tuesday)–it’ll be back to business on Wednesday as Congress begins to grill U.S. Treasury Secretary nominee Timothy Geithner – the appointment many observers believe to be the most important of the new Barack Obama administration.
In the currency market, the dollar sagged a bit against the euro. Late Friday, the euro was trading at $1.5549 vs. $1.5501 on Thursday.
In the currency market, the dollar sank in early trading but then firmed up strongly against the euro. Late Monday, the euro was trading at $1.5507 vs. $1.5587 on Friday.