Currency Trading

Investors Dump Euro for Dollar! The euro plummeted against its rivals like the yen and American dollar. Both the Yen and dollar rose strongly, the dollar held onto its gains following the release of minutes from the Federal Reserve policy making committee. The Euro was trading at its lowest levels in two months at $1.3370, down sharply from $1.3624 late Monday. The dollar was at 83.17 yen, while the Euro was at 119.19 yen. The pound fell to $1.5782 from $1.5961. The dollar was at .9972 swiss franc from .9901 franc. Investors abandoned the Korean won, pushing the dollar up about 3.5% against the won according to ING Capital Marketers data.