Euro Plummets vs Dollar and Pound to Start the Week
Monday, January 5th, 2009
Recap: The Euro fell almost 400 pips against the Dollar and the Pound as expectations increased that the ECB will have to cut rates more than expected as weak data keeps coming in. The Pound rebounded on the BOE's plan to expand lending to banks, the Dollar saw strength on Obama's fiscal plan and the Loonie gained on rising oil prices.
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