The euro enjoyed a respite from its beatings at the hands of the dollar Tuesday morning, but slumped to a new record low versus the swiss franc. Safe haven currencies have battered the euro of late due to lingering concerns that the sixteen-nation monetary unit could be torn apart by sovereign debt problems. A number
The dollar held its ground in quiet dealing Tuesday, staying near a 4-year peak against the struggling euro. Concerns that the global economic recovery may be petering out due to the debt crisis gripping Europe have renewed interest in safe haven investments, particularly the US dollar. Gold has also risen sharply of late, and closed
In early North American session on Tuesday, the Swiss franc strengthened against most major currencies. The franc rose to a 4-day high against the dollar, new record high against the euro and near a 2-week high against the pound. On the flip side, the franc weakened slightly from a 4-day high against the yen. A
The euro showed strength against its major counterparts in Asian deals on Tuesday as the Asian stocks rose after the U.S. Federal Reserve Chairman Ben Bernanke said Monday that he is hopeful the economy will gain traction and not fall back into a “double dip” recession. U.S. Federal Reserve Chairman Ben Bernanke said the country’s
During early North American session on Monday, the Canadian dollar strengthened against other major currencies despite crude oil price fell below $70 per barrel. The loonie-yen pair rose to 87.22 at 9:05 am ET Monday, from a low of 85.54 hit during early European deals. As of now, the pair is worth 86.82, compared to
