The US dollar erased its gains today and posted the biggest weekly decline in three months after Standard & Poor’s warned that it may cut the US credit rating as the US lawmakers can’t agree on the nation’s debt ceiling.
The Euro has borne up relatively well against the dollar due to parallel concerns over the United States' own debt troubles and hints further monetary easing could yet be on the cards there, potentially flooding global markets with dollars.
The Euro has borne up relatively well against the dollar due to parallel concerns over the United States' own debt troubles and hints further monetary easing could yet be on the cards there, potentially flooding global markets with dollars.
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