Euro Ekes Out Small Advance on the Dollar |
Wall Street Journal - Feb 8, 2010 |
The euro eked out a small advance against the dollar Monday but was kept under pressure by festering issues of sovereign debt in Greece that threatened to spread to Portugal and Spain.
"The market is dipping its toe back in the risk water," said Brian Dolan, chief currency strategist at Forex.com in Bedminster, N.J., as investors try to bring U.S. stocks into positive territory and bid the euro slightly higher.
While the euro and other risk-positive currencies might enjoy a brief respite from the recent pounding they have taken, those riskier assets are likely to come under pressure again as sovereign-debt issues weigh on markets, he said.
Read Full Article from Wall Street Journal
- Posted: 2010-02-08 11:11:01
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