Monday, December 22, 2008

Dollar, Ruble Both Devalued Today

From Bloomberg:

The dollar fell for a second day against the euro before U.S. reports today that economists estimate will show sales of new and existing homes approached the lowest level in at least nine years in November... The ruble slid to the lowest level against the dollar in almost three years as Russia devalued the currency and tumbling oil prices battered its economy.
Click here for the entire story.