Mon
31
Dec
The dollar fell, completing its second annual decline against the euro and ending two years of gains versus the yen, as traders increased bets the Federal Reserve will cut rates again this January to counter an economic slowdown. The Dollar is trading around the levels of 1.4710 against the Euro, around the levels of 112.06 against the Yen and around the levels of 1.9960 against the Sterling. Odds the Fed will cut its target rate for overnight bank loans a quarter-percentage point from 4.25
Author:
Time:
Monday, December 31st, 2007 at 1:12 pm
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
