Euro hits 10-day low vs dollar as banking crisis spreads |
|
Fundamental The dollar rose as President George W. Bush and Congressional leaders agreed on a $700 billion plan to revive credit markets by purchasing banks' distressed debt. The greenback gained against the yen as Senate Majority Leader Harry Reid said the House of Representatives may consider the plan today and the Senate will vote by Oct. 1. The British pound and the euro dropped to one-week lows versus the dollar as European governments intervened to prevent the failures of Bradford &
Filed under: Technical
Latest Posts
- BoE and ECB: Will they Under or Over Deliver?
- Usd/Chf update
- Eur/Usd for today
- Greenback declines against the Yen as U.S payrolls fall
- Asian Session: Asian Stocks rise on further commodity weakness – markets eye NFP’s today
- Finding a Broker
- Forex - Dollar fell against Euro after ECB rate cut
- Euro Gains After “Meager” Rate Cut
- Daily Forex Overview
- Euro: Need to see break above that 1.3115 resistance to expand the upside
- EURGBP to a New Decade High!
- US: Factory orders show the steepest drop in 8 years
- Action Bias Summary Table
- Treasury rally going into payrolls. Buy the rumour sell the fact end of week reation?
- Starting the day - Yesterday’s newspaper