Desperately Seeking Yield
Jun 26th, 2009 | By Chuck Butler | Category: Financial News, US Dollar & Forex TradingCurrencies rally… More on the BRIC’s… New Zealand’s GDP contracts.. Bernanke gets grilled! And Now… Today’s Pfennig!
Currencies rally… More on the BRIC’s… New Zealand’s GDP contracts.. Bernanke gets grilled! And Now… Today’s Pfennig!
In the currency market, the dollar rallied against the euro. Late Thursday, the euro was trading at $1.5421 vs. $1.5548 on Wednesday. The buck was supported by better-than-expected retail sales, which boosted expectations for a Fed rate hike.