Greenback Weakens amid Lingering Fears |
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7/10/2008 3:15 pm: EUR/$..1.5778 $/JPY..107.04 GBP/$..1.9762 $/CHF..1.0274 AUD/$..0.9618 $/CAD..1.0088 Greenback Weakens amid Lingering Fears The dollar was softer on Thursday, drifting lower to 1.5800 against the euro and 106.69 versus the yen. Fears of °ongoing financial turmoil, as described by Fed Chairman Bernanke in his Congressional testimony, continue to plague the currency. Nonetheless, Treasury Secretary Paulson tried to alleviate fears over the solvency of Fannie Mae and Freddie
Filed under: Fundamental
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