Markets News Afternoon: Trichet says world has avoided an “extremely threatening” depression; USD/EUR above $1.50; Dow hits 52-week high
Nov 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; European Central Bank president, Jean-Claude Trichet, said today at a meeting of the Group of 10 central banks at the Bank for International Settlements in Basel, Switzerland, that the world has avoided an "extremely threatening" depression but remaining risks could still damage renewed economic confidence; the US dollar fell as low as $1.5020 against the euro today and the Dow hit a 52-week high.