Forex - Dollar hit its highest against Euro since January - Forex Forum

 
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> Forex - Dollar hit its highest against Euro since January
Ac-markets.com
post Sep 4 2008, 1:00
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The Dollar rose slightly on Wednesday and touched it’s highest against the Euro since January, on growing expectations the US economy would outperform that of Europe.

Analysts said investors were increasingly getting on board with the Dollar as a safer place to allocate cash compared with currencies whose countries were further behind in terms of economic readjustment in the wake of the global credit crunch.

The European Central Bank and the Bank of England will issue separate interest-rate decisions today and both are expected to keep rates on hold.


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