Dollar Strong Despite Stock Markets
Despite the 
global financial crisis the dollar appears to be holding it’s own on world Forex markets. On Monday the dollar jumped against other currencies except the Japanese Yen. The Euro was at a 15 month low and bottomed at $1.3441 it’
s lowest level since 2007. The British Pound sank to $1.7388 down from $1.7781 a 4 percent drop and the lowest since 2006.
European Markets Fall
Stock markets in Europe fell due to the inability of European leaders to come up with a coordinated plan for Europe’
s troubled financial sector. A weekend long meeting of European leaders failed to produce tangible results. The 4 major European powers, Germany, France, Britain, and Italy called for more regulation but stopped short of advocating an American style bailout plan. Germany, Iceland, Denmark, Ireland, France, Greece, and Sweden all moved to guarantee bank deposits.
