US dollar storms back from steep losses
20-12-2008
The US dollar stormed back from steep losses on the euro earlier in the week, after the massive rescue announced for US automakers eased worries about the economy. The euro sank to 1.3913 dollars, down sharply from a day earlier. The greenback held nearly steady against the Japanese currency at 89.32 yen. In late New York trade, the dollar stood at 1.1035 Swiss francs. The pound was at 1.492 dollars.
