Dollar hits 14-month low against the euro

Currency tops psychologically significant $1.50 mark last done in Aug. 2008The euro broke through $1.50 against the dollar for the first time in 14 months Wednesday as a recovering stock market further sapped the U.S. currency’s appeal as a safe-haven investment.The dollar’s slide came despite recent supportive comments from Treasury Secretary Timothy Geithner and senior European finance officials, who are growing increasingly anxious about the euro’s appreciation. A stronger euro makes European
Posted under Futures Trading Systems by Content Keyword RSS on Thursday 22 October 2009 at 6:08 am

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