Jul 03
The Euro and British Pound are among the global currencies making great strides against the slumping US dollar. One Euro is currently worth $1.2554 after reaching as high as $1.2613 in earlier Friday (July 2) trade, while a British Pound is fetching an even $1.52 after peaking at $1.5234 earlier in the day.
The Euro has been retracing its recent fall to below $1.19 when the credit crisis peaked in Europe. As support and assistance programs were finalized, worst case concerns were relieved and helped stabilize the currency. …
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