iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

The Euro Weakens Over Night on Slow Growth Prospects; Dollar Rises

Obama’s jobs bill and Bernanke’s speech did very little to instill confidence in global growth and stimulation. Therefore markets and currencies like the Euro sold off in anticipation of slower growth and continued debt problems. The Greenback gained strength at the expense of other currencies.

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