Asia Session – March 2, 2009 2:15 AM

by Trader Rich

The US Dollar began the new week higher against most majors today as sources spilled the beans on a possible Billion extra in aid to embittered insurer AIG, and the leaders of the European Union rejected a plan to send aid to eastern Europe, thus spreading the fear that the crisis in Europe will become even more consuming. EUR/USD began the day opening lower by about 40 pips at 1.2631 and continued to flow lower until hitting the bottom at 1.2545. The noble leaders of the EU voted down a request of 180 billion Euros to help shore up the financially crippled banks of the old eastern bloc of Europe, and the EUR/USD suffered for the lack of foresight and action. Full text »

del.icio.us | Technorati | Stumble It!

Popularity: 1% [?]