http://money.cnn.com/2009/04/27/markets/dollar_currency/?postversion=2009042717
Dollar mixed amid economic jitters
Typical safe haven currencies show strength as investors fret over the scope of the global flu outbreak. Mexican peso sinks against the dollar.
The dollar surged 4.8% against the peso due to the swine flu, the medicine for the flu is about 13.98 pesos, up from 13.34 late Friday. The dollar hit a high of 13.99 in the session. The swine flu break out might be a big problem because of the slow economy recovery. The greenback edged 0.5% lower against the Japanese yen, another major currency that typically rallies in times of economic uncertainty. The dollar bought ¥96.73, down from ¥97.17 late Friday.The 16-nation euro traded at $1.3044, down 1.5% from Friday's close of $1.3242. The British pound also slipped against the dollar, trading at $1.4656, down 0.1% from $1.4675 late in the day Friday. this is all due to the swine flu and how the out break is effecting the economy. dollar worth is down down and the economy is on the way down the tubes.
-ellis bullock
Subscribe to:
Post Comments (Atom)
Ellis, This is a classic type of news brief about an economic statistic that appears all the time. I see you picked out certain paragraphs to cut and paste instead of the whole article, which tells me you thought some things were more important than others. I'm curious about what you think about why the dollar is stronger than the Mexican peso, and more importantly why you chose this article and this source.
ReplyDeleteGrade: 6/10