The Presidential Daily Brief

Important

  1. Euro Drops as Dollar Continues to Grow in Strength

    Europe is looking cheap again. The euro fell below $1.28 last night for the first time in more than a year in a 6.6 percent decline against the dollar since July. Investors are offloading euros after the European Central Bank decided to cut interest rates and buy non-government bonds in an effort to boost a flagging continental economy. A nearly opposite U.S. policy has boosted the dollar, and the new exchange should make Europe more attractive to buyers and tourists.

    FT (sub), WSJ 

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