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Article: UNited States : Dollar Falls on G-20 Silence, Signs of Global Economic Recovery.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: babalu03
The dollar weakened beyond $1.50 against the euro for the first time in two weeks after the Group of 20 nations remained silent on the U.S. currency s 7 percent decline this year and agreed to maintain stimulus measures.
The Dollar Index dropped to the lowest level since Oct. 23 on increased demand for riskier assets as Germany s exports climbed in September more than economists forecast. The pound rose to a three-month high on speculation Kraft Foods Inc. may boost its 9.8 billion pound ($16.5 billion) bid for Cadbury Plc by today s deadline to keep the takeover attempt alive.
The G-20 didn t make any comments about recent ...