Dollar Hits the Skids
Jun 21st, 2008 | By Doug Casey | Category: US Dollar & Forex TradingIn the currency market, the dollar sank against the euro. Late Friday, the euro was trading at $1.5622 vs. $1.5503 on Thursday.
In the currency market, the dollar sank against the euro. Late Friday, the euro was trading at $1.5622 vs. $1.5503 on Thursday.
Now the days are not only longer but finally starting to warm, what happened in the financial world this week? Well, on Monday Mervyn King stepped up to the plate and offered a deal for UK banks. They could swap assets of unknown worth mortgage-backed securities for those of known worth government bonds .