Euro flat against dollar at $1.2890

11:11, 21 January 2009
656 0

The Euro was unchanged...

The Euro was unchanged against the dollar Wednesday after the inauguration of U.S. President Obama, according to AP via Yahoo! News.

The 16-nation euro bought $1.2890 in Wednesday morning European trading compared with $1.2891 late Tuesday in New York.

Sentiment has been mixed recently, with renewed concerns about the banking sector offset somewhat by optimism that an Obama administration would act aggressively to bolster the faltering American economy.

On Monday, the European Union said it is facing a "deep and protracted recession" and slashed growth forecasts.

In other currencies, the British pound bought $1.3793 Wednesday, down from $1.3917 and the weakest level since June 2001 on worries over the country`s banking sector. The dollar bought 89.76 Japanese yen compared with 89.82 yen late Tuesday in New York.

If you see a spelling error on our site, select it and press Ctrl+Enter