(Reuters) - While most global markets proved resilient to last week's
housing and credit-related woes, the dollar remained on back
foot, hitting its lowest in more than 20 years against sterling
and the New Zealand dollar.
European shares raced towards last week's 6-1/2 year peak,
defying export-damaging strength of the euro and an inflationary
rise in energy prices. Banking stocks rallied after a group led
by Royal Bank of Scotland revised its offer for Dutch
bank ABN Amro .
Read more at Reuters.com Economic News
housing and credit-related woes, the dollar remained on back
foot, hitting its lowest in more than 20 years against sterling
and the New Zealand dollar.
European shares raced towards last week's 6-1/2 year peak,
defying export-damaging strength of the euro and an inflationary
rise in energy prices. Banking stocks rallied after a group led
by Royal Bank of Scotland revised its offer for Dutch
bank ABN Amro .
Read more at Reuters.com Economic News
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