Jan 05

Dollar Rallies Against Euro

What a great way to start the New Year.

The skinny this morning:

“The dollar gained against other major currencies Monday on growing expectations that US president-elect Barack Obama’s stimulus plans will boost the ailing American economy, dealers said.

In late morning trade, the European single currency dropped to 1.3694 dollars from 1.3910 dollars in New York late on Friday.”

read the full article.

And for our friends down under:

Australian dollar trades near 8-week high against euro

“The Australian dollar extended its recent strong rally against the European common currency in early New York trading on Monday.”

read more.

For the market value of all major currencies, visit xe.com

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