The dollar weakened against the euro and the pound Friday, despite dour readings on Europe's economy, as rising stock prices bolstered investors appetite for high yielding assets.
Oil prices rose more than $3 Friday as a $787 billion stimulus bill designed to jump-start the economy moved one step closer to full congressional approval.
Government debt prices slid Friday as investors assessed the Obama administration's economic rescue efforts and the volume of debt coming to market to fund the operations.
Watching the Obama administration deal with Wall Street is like watching the New York Yankees deal with their star third baseman, Alex Rodriguez, who recently admitted to having used steroids.
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The dollar weakened against the euro and the pound Friday, despite dour readings on Europe's economy, as rising stock prices bolstered investors appetite for high yielding assets.
Oil prices rose more than $3 Friday as a $787 billion stimulus bill designed to jump-start the economy moved one step closer to full congressional approval.
Stocks turned higher Friday morning after a shaky start as investors awaited the House and Senate's votes on the $789 billion economic stimulus plan.
Government debt prices slid Friday as investors assessed the Obama administration's economic rescue efforts and the volume of debt coming to market to fund the operations.
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