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Monday, May 9, 2011

dollar to euro exchange rate may 9 2011

dollar to euro exchange rate may 9 2011 - Euro Declines for Third Day Against Dollar as S&P Lowers Greece’s Rating : The euro fell for a third day versus the dollar in the longest losing streak since February as Standard & Poor’s reduction in Greece’s credit rating renewed concern the region’s debt crisis is worsening.

Norway’s krone rallied against all of its most-traded counterparts as commodities rebounded from the worst week since 2008, with crude oil gaining. The 17-nation currency rose earlier as a report showed exports in Germany, Europe’s largest economy, jumped in March, bolstering the case for higher interest rates in the euro region.

The euro decreased 0.3 percent to $1.4268 at 11:37 a.m. in New York, from $1.4316 on May 6, after touching $1.4255, the lowest level since April 19. The currency earlier rose 0.9 percent to $1.4442. The euro slid 0.2 percent to 115.16 yen, from 115.44, after rising 0.9 percent to 116.48. The dollar fetched 80.73 yen, compared with 80.63.

Implied volatility on one-month options for the euro against the dollar, a gauge of traders’ expectations for future currency swings, rose today to 13.26 percent, the highest level since Jan. 10, and up from 9.10 percent on April 5.
U.S. Dollar (USD) to Euro (EUR) Exchange Rate at 5/9/2011
1 U.S. Dollar = 0.6993 Euros
1 Euro = 1.43 U.S. Dollars For the latest updates PRESS CTR + D or visit Stock Market news Today

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