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8/21/08

AGI News On - EURO: STRONG AT CLOSE

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EURO: STRONG AT CLOSE

The euro has closed trading strongly up, at over 1.48 dollars. In final trading the euro was fetching 1.4889 dollars, having approached the 1.49 mark. Weighing the greenback down were fears for the stability of the US financial system, linked above all to the fates of mortgage giants Fannie Mae and Freddie Mac. The euro closed on 161.13 yen while the dollar was fetching 108,26 yen.

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