Markets News Afternoon: Euro rises to one-year high against dollar; US home price rise lower than expected signalling fragile housing recovery
Sep 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; The euro rose to a one-year high of above $1.48 Tuesday amidst speculation that the so-called carry-trade was impacting the dollar as currency traders were moving into higher interest currencies. Meanwhile, US home prices rose 0.3% in July from the previous month, less than analysts’ estimates, in a sign that the housing recovery is fragile.