Web Search powered by YAHOO! SEARCH
share
email
font size
options
 
Tuesday, September 30, 2008
Euro falls to $1.41 from $1.44 on bank fears

  The euro fell 2.5 percent vs the U.S. dollar, its biggest one-day drop ever, after Germany, Holland-Belgium, and the UK had to bail out banks, raising fears of more losses to come. The dollar rose by comparison because U.S. bank losses are better understood. Bloomberg story here.

Posted by Joseph N. DiStefano @ 12:24 PM  Permalink | Post a comment
Comments   
0 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

Advertise Here