The dollar mostly fell against the other major currencies in early New York trading Tuesday as stocks soared ahead of the U.S. presidential election and credit conditions eased.
The Dow Jones industrials leaped nearly 300 points in late morning trading, while European markets gained as traders anticipated half-point rate cuts from the Bank of England and European Central Bank. Japanese equities also closed up 6.3 percent.
The 15-nation euro rose to $1.2963 in midmorning trading in New York Tuesday from $1.2627 late Monday, while the British pound rose to $1.6073 from $1.5821.
The dollar has risen in recent months as equities dropped and lending …
No comments:
Post a Comment