Dollar the silver lining of cloudy finances
Kathleen Pender
Monday, October 27, 2008
One of the few things going up since the financial meltdown began? The U.S. dollar.
Around midyear, as the credit crisis intensified, the dollar ended its seven-year losing streak and started rising against most currencies except the Japanese yen, which is soaring for reasons I'll get to below.
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Since June 30, the greenback is up 26 percent against the euro, 28 percent against the British pound and 59 percent against the Australian dollar... To read more, please follow this link:
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