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Home >> Stock Forums >> Dollar strengthens after Fed remains pat

Dollar strengthens after Fed remains pat

AlfredSokol said: "There was no further weakening of the dollar after the Fed kept [url=http://investing.reuters.co.uk/news/articleinvesting.aspx?type=usDollarRpt&storyID=2007-08-08T081358Z_01_L08910600_RTRIDST_0_MARKETS-FOREX-UPDATE-3.XML]interest rates the same[/url] [quote] At 0755 GMT the dollar index, a measure of the greenback's value against a basket of six heavily-traded currencies, rose 0.2 percent to 80.61 <.DXY>, according to Reuters data. On Monday it slipped below 80.0 to its lowest level in 15 years. The dollar rose 0.4 percent from late U.S. trade to 119.15 yen , almost two full yen up from a four-month low of 117.19 yen hit earlier in the week. The euro was flat against the dollar at $1.3745 and up 0.4 percent against the yen to 163.78 yen[/quote]"