Monday, June 15, 2009

Russian confidence in the dollar drives EUR/USD down 500 pips

http://www.bloomberg.com/apps/news?pid=20601103&sid=arSByVtDsdh0
By Lukanyo Mnyanda and Wes Goodman

June 15 (Bloomberg) -- Treasuries rose for a third day after Russian Finance Minister Alexei Kudrin said his nation has confidence in the dollar and there are no immediate plans to switch to a new reserve currency.