Archive for October 26th, 2008

Currency Markets in the News

Euro Fails a Big Test

October 26, 2008

The international monetary landscape is changing month by month, week by week and even day by day. Many analysts had long warned of a great deleveraging of debt and linked such a development to a shift in reserve currency portfolios away from the dollar. After bottoming  at $0.8228 exactly eight years ago today, the euro […] More