Bank earnings, oil prices and diversification are driving the dollar this morning. The big question is whether the problems with Fannie Mae, Freddie Mac and IndyMac have extended to JPMorgan, Merrill Lynch and Citigroup.
Although JPMorgan reported a 53 percent drop in profit, their decline was less than the market expected. Merrill Lynchhowever may [...]
Tuesday, July 22, 2008
Stories Affecting the Dollar on 07.17.08
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