Wednesday, January 6, 2010

See the euro's moves against the dollar


To see the euro's moves against the dollar, please read :

"The dollar rally which has taken place in December is significant in that it has brought an end to the powerful downtrend which had been in place since March following the Fed's decision to begin quantitative easing," Lee Hardman, a currency economist at Bank of Tokyo-Mitsubishi UFJ in London, wrote in a note to clients Thursday.

The number of people filing new claims for unemployment benefits in the U.S. unexpectedly fell in the latest week to its lowest level in 18 months, a sign the labor market may have turned a corner.

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