Forex Trading Commentary: Euro Falls To 11-Month Low Against US Dollar
Posted on September 08, 2008 at 23:40 PM EDT
Euro The euro depreciated vis-à-vis the U.S. dollar Monday as the single currency tested bids around the US$ 1.4165 level and was capped around the $1.4425 level. The common currency reached its lowest level since October 2007 as traders reacted to the U.S. government’s nationalization of U.S. government-sponsored enterprises Fannie Mae and [...]
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