Dollar Gains Against Euro After Obama Victory in U.S. Election
By Stanley White
Nov. 5 (Bloomberg) -- The dollar gained against the euro on speculation Barack Obama's victory in the U.S. presidential election and Democrat gains in Congress will accelerate policies aimed at overcoming a recession.
The currency also rose against the British pound and the Australian dollar as television networks projected 338 electoral votes for Obama to 156 for Republican rival John McCain, who conceded defeat. To read the full story, please follow this link:
Courtesy: Euro Currency News | Bloomberg.com
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