Dollar has biggest weekly advance against Euro in three years |
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It was Friday the 13th yesterday, but the US currency wasn’t at all spooked. While the US stock markets closed the week almost flat (Dow up 0.8%; S&P 500 down 0.05%), the US dollar had a roaring good time in the currency markets. The US dollar just clinched the biggest weekly gain against the Euro since 2005 and the biggest weekly rise against the Japanese yen since December 2004. You could say that Bernanke’s speech on Tuesday initiated the strong turnaround in USD sentiment; he said that
Filed under: Fundamental
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