U.S. dollar news-U.S. dollar rises prior to earning season
The U.S. dollar rose against other major currencies on Monday prior to the new earning season. Some analysts said the dollar’s gain was due to worries about earnings outlooks of U.S. corporations and the health of Europe’s banking system, which drove investors to seek safety. The euro fell to 1.2598 dollars from 1.2647 dollars on Friday. The British pound slipped to 1.5033 dollars from 1.5067 dollars in late trading. The dollar was flat at 88.54 Japanese yen on Monday, and rose to 1.0600 Swiss francs from 1.0563 francs. It also climbed to 1. 0371 Canadian dollars from 1.0324 Canadian dollars.
Posted: July 12th, 2010 under Breaking News.
Tags: how to profit from the coming economic collapse, interest rates rises, investing for inflation, unemployment rises