Euro extends losses vs dollar, hits session lows
Published: 01 Nov 2009 16:51:15 PSTNEW YORK, Oct 30 - The euro extended losses against the dollar on Friday after steep gains the previous session, as caution returned after stocks failed to make further headway following a strong U.S. economic growth number for the third quarter.
The euro fell to session lows at $1.4785 and was last at $1.4791, down 0.3 percent. The single euro zone currency was down 1.4 percent on the week, on pace for its weakest weekly performance since mid-April.
The euro is being used as a proxy for risk appetite, gaining when economic data is positive or when stocks are down.
Go to Page
Page 1 of 1
1
Source:
Reuters
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2Entrepreneurblues
- 3ANALYSIS-CFTC cautious on position limits, set
- 4AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 5Beware of phishing scams if you are using
- 6Beyond The Anti-Virus Arms Race
- 7Help protect yourself from phishing scams and
- 8China Longyuan Power plans HK$17.5-bln HK IPO
- 9Acer's Mobile Gamble
- 10Foreign e-commerce market expands for DIY
