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Saturday, November 22nd, 2008

Posts Tagged ‘ Interest Rate Hikes ’

Dollar Rallies on Sales Surprise - Euro Undercut on ECB Comments

Jun 13th, 2008 | By Doug Casey | Category: US Dollar & Forex Trading

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.

Tags: Autos Sales, Consumer Confidence, consumer spending, Currency Market, ECB, euro, fed, Interest Rate Hikes, Jobless Benefits, Rebate Checks, Retail Sales, Trichet, Unemployment Claims
Posted in US Dollar & Forex Trading | No Comments »

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