USD drops against Euro in global market

Dhaka, Bangladesh (BBN)– US stocks advanced sending the Dow Jones Industrial average to 9,093.24, its steepest two week rise since 2000, as US companies beat profit estimates.

The US Dollar (USD) declined to a seven week low at 1.4202 against the Euro (EUR) as economic recovery expectations diminished demand for the greenback, according to reports.

The British Pound (GBP) declined to 86.65 pence against the EUR as the budget deficit widened and the UK economy shrank more than forecast.
BBN/SS/SI/AD-26July09-2:12 pm (BST)

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