Wednesday, July 27, 2011

Dollar hits new lows on U.S. debt drama - Currencies - MarketWatch

Dollar hits new lows on U.S. debt drama - Currencies - MarketWatch: "FRANKFURT (MarketWatch) — The U.S. dollar skidded to fresh all-time lows against its Australian, Singapore and Swiss counterparts Wednesday and hit a fresh post-intervention low against the Japanese yen before clawing back some of its losses.
Currency traders kept a close eye on the prolonged standoff in Washington over raising the U.S. debt ceiling.
“There is every sign that the debt-ceiling car crash in the U.S. is looking pretty much inevitable now,” said Simon Smith, chief economist at FxPro in London, in emailed comments."

No comments:

Post a Comment