Euro Slumps Vs US Dollar After Rally
Posted on June 09, 2008 at 13:28 PM EDT
EURO The euro slumped vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5660 level and was capped around the $1.5845 level. Technically, today’s intraday high was right around the 76.4% retracement of the move from $1.6020 to $1.5285. President Bush verbally intervened to support the U.S. dollar en [...]