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Dollar Sheds Overnight Gains on Paulson Comments; BoE Holds Rates, London Stocks Slid

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jul 10, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Euro-Dollar pair was quiet overnight, gaining slightly in favor of the greenback as European stocks fell. However, in early NY trading the greenback weakened as Treasury Secretary Henry Paulson and Bernanke said financial market turmoil is "ongoing." The comments did not soothe jittery credit markets and the pair rose...

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