Dollar Surges on Further Signs of Economic Slowdown |
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Dollar Surges on Further Signs of Economic Slowdown The greenback surged on short covering and further signs the US economic slowdown is spreading globally. The EUR/USD fell to a 5-month low, the AUD/USD was also at a 5-month low, the USD/CAD rose to a 12- month high and the GBP/USD was at its lowest point in 20 months. The USD/JPY reached the highest level since the beginning of 2008. The dollar index traded near 76 today, about 5 points above April’s low and just below the resistance from
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