Euro witnesses Gain, USD plummets against Canadian Dollar
>> Thursday, February 19, 2009
Euro sees rise:
The euro rose from near a three- month low against the dollar since yesterday on speculation German Chancellor Angela Merkel will signal
The euro climbed to $1.2589 as of 12:57 p.m. in
Bank Results can affect Euro adversely:
Gains in the euro may be tempered by concern European companies will report steeper-than-expected losses stemming from the global financial turmoil.
USD near Peak Versus Canada’s Currency:
Demand for the dollar was tempered by speculation the
The Labor Department’s report on producer prices, scheduled for today, may show wholesale prices fell 2.5 percent last month from a year earlier, according to a Bloomberg survey, signaling the world’s largest economy may be heading for a period of sustained deflation. Federal Reserve policy makers lowered their projections for economic growth this year, with most seeing a contraction of 0.5 percent to 1.3 percent, according to minutes of the Federal Open Market Committee meeting Jan. 27-28 released yesterday.
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