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Dollar Rallies as Bank Crisis Spreads to Europe

By travellerev

The euro and British pound tumbled against the dollar on Monday as bank nationalizations in Europe forced investors to calculate their risk exposure from financial instability that has now moved far beyond the United States.

A crisis in European banking threatened to overshadow the proposed $700 billion U.S. bank bailout deal that looked set for a vote in the House of Representatives on Monday. The plan would then be sent to the Senate for a vote.

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This entry was posted on 29/09/2008 at 6:54 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Dollar Rallies as Bank Crisis Spreads to Europe”

  1. Wakahuia » Dollar Rallies as Bank Crisis Spreads to Europe Says:
    30/09/2008 at 12:28 pm |

    [...] Continued here: Dollar Rallies as Bank Crisis Spreads to Europe [...]

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