Thursday, July 24, 2008

Good news about US Dollar

US Dollar
The price of the dollar near two-week up against the euro after the rise of the shares of financial companies increased expectings that the Fed will increase from interest rates by the end of the year.
Noted U.S. currency rise against the Japanese yen and while was traded close to one up after Congress approved the plan of Finance Minister Henry Polsan to stabilize the condition of mortgage giants Fannie Mae and Freddie Mac.
Pressure on the single European currency are giving even more negative data coming from the economies in the euro.
Yesterday the dollar reached $ 1.5670 against the euro, which was the strong performance of its 9 - July.
U.S. currency reached yesterday at 107.99 yen, which was the highest level of 26 June.

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