Dollar Falls vs Yen as US Stock Fall on Bear Stearn News
Friday, March 14th, 2008
US equities fell lower today after Bear Stearns needed an injection of funds from the Fed and JP Morgan. The stock of the firm plummeted 40%, increasing risk aversion. As a result, the Yen strengthened and the Swiss Franc reached parity with the US Dollar for the first time ever.
Author: infiniteforex
Keywords: forex fx metatrader currency
Added: March 20, 2008
