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Euro Gaps Down At Weekly Trading Open
Sunday, 05 October 2008 22:55:04 GMT  |  Ilya Spivak, Currency Analyst
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The Euro gapped down 112 pips at this week's trading open, opening at 1.3690 against the US Dollar versus Friday's closing price at 1.3802. The broad dollar index opened 0.5% higher against a basket of 6 top global currencies. The greenback appears to continue to benefit from risk aversion despite the US government's affirmative vote on the $850 billion rescue plan to shore up the financial markets. US stocks continued to post losses on Friday as investors seemed unsure of the scheme's ultimate success. US equity index futures are down over 1% in overnight trading.


10-05-08 eurusd

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