(Bloomberg) -- The dollar gained the most against
the euro in almost five months after futures on U.S. benchmark
stock indexes rebounded from a slump yesterday.
The U.S. currency also advanced after European companies
including Volvo AB reported weaker-than-anticipated earnings.
Average profit growth among U.S. firms in the Standard & Poor's
500 Index has so far exceeded analysts' forecasts. A technical
chart some investors use to gauge currency movements indicated
the euro's gain to a record this week was too rapid.
Read more at Bloomberg Currencies News
the euro in almost five months after futures on U.S. benchmark
stock indexes rebounded from a slump yesterday.
The U.S. currency also advanced after European companies
including Volvo AB reported weaker-than-anticipated earnings.
Average profit growth among U.S. firms in the Standard & Poor's
500 Index has so far exceeded analysts' forecasts. A technical
chart some investors use to gauge currency movements indicated
the euro's gain to a record this week was too rapid.
Read more at Bloomberg Currencies News
No comments:
Post a Comment