Dollar Posts Slight Gain on Euro
Nov 6th, 2008 | By Doug Casey | Category: Financial NewsIn the currency market, the dollar edged higher against the euro. Late Wednesday, the euro was trading at $1.2948 vs. $1.3002 on Tuesday.
In the currency market, the dollar edged higher against the euro. Late Wednesday, the euro was trading at $1.2948 vs. $1.3002 on Tuesday.
The base metals were all in the red on Thursday. Copper fought a seesaw battle all day, with the ayes having the final word but not enough of one to overcome the nays, as it finished at $3.4757/lb., down 2¾ cents.
In the currency market, the dollar edged lower against the euro. Late Wednesday, the euro was trading at $1.5435 vs. $1.5434 on Tuesday.
In the currency market, the dollar fought back from its session lows but still sank against the euro. Late Tuesday, the euro was trading at $1.5647 vs. $1.5507 on Monday.
The base metals were all in the red on Wednesday. Copper couldn’t hold on to Tuesday’s gains, as it fell in fits and starts through the day, finishing at $3.8915/lb., down 4 cents.
In the currency market, the dollar was slightly lower against the euro. Late Monday, the euro was trading at $1.5642 vs. $1.5625 on Friday. Traders breathlessly await the Federal Reserve’s critical decision, with sentiment still running strongly in favor of another cut.
Copper pushed past $3.97 in the pre-dawn hours, but couldn’t hold there once New York trading began, as it declined through most of the day, just coming off its intraday low to finish at $3.9133/lb., down more than 3½ cents.