Dow Jones and crazy dollar

Power and might of dollar

In brief: Dollar grows up, in spite of the fact of new european prospects.

Dollar goes crazy. Today is the judgement day, – said Alek Joachim, currency analyst of Forex Argentina. Dollar tried to attack euro twice one day. Surely it was not the best day for such effort… Investors dumped stocks in favor of safer assets including the dollar on Thursday following discouraging signs of a subdued economic recovery.

The Dow Jones industrials fell 93.87, or 0.9%, to 10,332.44. Energy and material stocks showed the biggest losses as a jump in the dollar sent commodity prices tumbling. Meanwhile, an analyst’s downgrade of the chip sector pulled technology shares sharply lower.

As a result, dollar gained some future prospects for the next week, but this week didn’t bring anything good at all, except volatile swings.

Ukranian Globalist
2009-11-20 16:42, Currency news.

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