Home / Markets
Friday, November 28, 2008
Euro Gains on Dollar
Associated Press
The euro was higher against the dollar on Friday in quiet trading over the U.S. Thanksgiving holiday period.
The 15-nation euro traded at $1.2943 in European morning trading, up from $1.2900 in European afternoon trading Thursday. U.S. markets were closed Thursday for the Thanksgiving holiday.
The British pound slid to $1.5434 from $1.5489, while the dollar dipped to 95.29 Japanese yen from 95.31 yen.
Currency markets were quiet Thursday, with U.S. stock markets closed and a shortage of new economic data, and "there's little in the way of fundamentals that suggest today will be much different," said James Hughes, a currency analyst at CMC Markets.
However, "today also acts as something of a landmark for U.S. retailers with 'Black Friday', often considered the busiest retail shopping day of the year," Hughes said. Once sales figures start emerging in the coming days, that could give the dollar new direction, he said.
Fox Business Video
-
-
The Business of Sports
-
Nov 7, 2009
FOXBusiness.com LIVE
-
-
-
Jim Caviezel: Hollywood and th...
-
Nov 7, 2009
Actor in life in film
-
-
-
Ticker Tape Parade Invades Downtown
-
Nov 7, 2009
Yankees celebrate 27th World Series win
-
-
-
Cavuto Business Report 11-06-09
-
Nov 7, 2009
Business Report: Cavuto
-
-
-
Pro Poker Player: $2M in 2 Months
-
Nov 7, 2009
Pro Poker player on growing success of sport
-
