NEW YORK (Dow Jones)--The euro rose from one-month lows to pull ahead of the dollar Wednesday after being whipsawed by quantitative easing, sovereign debt fears and a weak 30-year Treasury auction.
The common currency fell below $1.37--at $1.3670--early in the session as Ireland highlighted concerns that weaker euro-zone nations couldn't meet its debt obligations. The euro temporarily swung back into positive territory after a 30-year auction plagued by poor demand weighed on the dollar.
But the euro moved firmly ahead of the greenback after the release of details about the Federal Reserve's program of bond buying. That raised the spectre ...
Read more.......
No comments:
Post a Comment