USD Edges Higher, Oil Retreats |
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9/10/2008 3:30 PM: EUR/$..1.4040 $/JPY..107.71 GBP/$..1.7558 $/CHF..1.1336 AUD/$..0.8037 $/CAD..1.0690 USD Edges Higher, Oil Retreats The dollar touched a fresh 11-month high against the euro just above the 1.40-level and held steady near 2 ½-year highs versus the pound at 1.7540. The greenback continues to remain favored amid burgeoning fears of rapidly deteriorating economic fundamentals, which consequently sent crude oil to an intra-day low at $101.43 per barrel. Also propping the dollar
Filed under: Fundamental
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