Wednesday, May 27, 2009

Sterling Hits $1.60 Versus Dollar

You know the dollar is in trouble when the pound sterling is hitting news highs against the dollar.

Sterling rose above $1.60 for the first time in nearly seven months.

The dollar was also weak against oil. The front-month July Brent contract on London's ICE futures exchange hit a peak today of $62.29 a barrel, a six-month peak.

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