Euro Holds Steady
posted in: cnnMoney (June 18,2010)
The dollar and the Euro.
The dollar had little change against the European currency, euro, that posted a second consecutive weekly gain and is at 3-week high.
Market: after a notorious 4 year low early last week near $ 1.888, the euro has been gaining ground. This has given the euro a 3 week high.
BP's current concern has been very important for the investor. '' Earlier this week the company canceled its dividend for the rest of the year and agreed to contribute with $20 billion to an escrow account to cover damages and liabilities related to the spill''.
The stock market will still be driven by the investors sentiments, as it has been happening. The euro could go higher, but the would be a surprise considering the currently debt crisis in that region.
http://money.cnn.com/2010/06/18/markets/dollar/index.htm
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