Thursday, July 28, 2011

Concerns Over Euro Support Dollar Rise



Despite problems in the US with the debt ceiling crisis, the US dollar is rising in value. Investors are more concerned about the future of the Euro than the dollar. Problems in Italy are the current concern. The economy is not growing and its government is looking like the US Congress.

The Swiss franc, on the other hand, is doing better than the dollar or the Euro. It is up 17% for the year against the dollar.

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