USD Plunges Amid Wavering Confidence |
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9/22/2008 11:00 pm: EUR/$..1.4779 $/JPY..105.21 GBP/$..1.8550 $/CHF..1.0759 AUD/$..0.8405 $/CAD..1.0332 USD Plunges Amid Wavering Confidence The dollar sold off sharply against the majors at the start of the week amid a sharp run-up in crude oil prices and steep declines in the US equity bourses. Oil posted its largest single day advance, rallying by $16.37 to $120.92 per barrel, which was largely attributed to the expiration of October contracts. The US equity markets sold-off sharply as
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