(Wall Street Journal) —Disappointment over the U.S. nonmanufacturing Institute of Supply Management survey continued to ripple through financial markets Wednesday, knocking the euro lower but helping the dollar and the yen. The euro slipped back to $1.2567 from $1.2619 late Tuesday in New York, according to EBS. The single currency also fell to ¥109.44 from […]
(CnnMoney.com) — The euro continued to slide Wednesday after Germany said it would ban short selling on some European bank shares and the zone’s government bonds.What prices are doing: The euro fell 0.1% on the dollar to $1.2188. The European currency touched a new four-year low Tuesday versus the dollar. The dollar rose 0.6% versus […]
(Bloomberg.com) — The strengthening U.S. economy, subdued inflation and rising stock prices are propelling the dollar rally into its fifth month as traders seek refuge from Europe’s fiscal crisis and Japanese deflation. Read More…