Dhaka, Bangladesh (BBN)- The US Dollar (USD) increased from a 14-month low against the European currency (EUR) on expectations that European policy makers reiterate concerns that the currency’s gains are slowing the region’s economic recovery. USD traded at 1.4895 against the EUR.
US stocks declined as a disappointing report on housing starts overshadowed better-than- estimated earnings at technology companies, according to reports.
The Dow Jones Industrial Average decreased 50.71 points while the NASDAQ Composite shed off 12.86 points. The Standard & Poor’s 500 Index fell to 1,091.06, retreating from a one-year high.
BBN/SS/SI/AD-21October09-1:10 pm (BST)