During early deals on Thursday, the US dollar extended its yesterday's downtrend against most major currencies as the Federal Reserve slashed its benchmark interest rate by half a percentage point to 1%, in an effort to keep the economy from slumping into a deep and prolonged recession. The dollar plunged to near a 3-week low against the franc, 8-day low against the pound, 6-day low against the kiwi and a 9-day low against the euro, the aussie and the loonie.
Author:
Time:
Wednesday, October 29th, 2008 at 7:06 pm
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation: