November 27, 2006
-- by Dave Johnson
The dollar extended its sharp losses against the euro Monday, touching a 20-month low, but steadied against the yen, as traders awaited U.S. economic data this week.Stock markets are reacting, Stocks sharply lower on dollar, Wal-Mart and FTSE 100 ends down, hit by weak U.S. dollar,
The FTSE 100 index .FTSE of Britain's largest shares fell to its lowest close in seven weeks on Monday as the sliding dollar continued to weigh on stocks with U.S. exposure.And metals, Gold, silver hit highs on dollar weakness,
Gold steadied on Monday after an earlier climb to its highest level in more than three months as a weaker dollar and firm oil prices prompted investors to buy the precious metal.
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