The dollar rallied for a second session versus the euro on Tuesday, after Greek Prime Minister George Papandreou unexpectedly called for a public referendum on his nation’s acceptance of bailout funds from its neighbors and the IMF. Reports from Athens suggested that Papandreou now faces an open revolt from his own party, leading to further
The dollar raced higher versus the euro on Monday, amid renewed risk aversion and lingering doubts that an expanded bailout fund can prevent a sovereign debt crisis in Europe. European lenders will take a voluntary 50% writedown on Greek government debt, the lending capacity of the of European Financial Stability Facility fund will be increased,
There has been lackluster trading in the U.S. dollar on Tuesday. The greenback has held near multi-week lows versus the euro and pound, while plunging to another record low versus the Japanese yen. The dollar has seen weakness lately on the prospects of a plan to ease the debt crisis in Europe and on speculation
The U.S. dollar has seen lackluster trading in Monday afternoon action in New York. The greenback attempted to rebound early in the day, recovering losses seen late last week. However, a downward drift has been renewed lately. The currency remains off an all-time low versus the yen that it set late last week, but has
The U.S. dollar lost ground against its major counterparts on Friday, falling to a record low against the Japanese yen. Hope that a solution was in sight for the European debt crisis stirred interest in the euro. Meanwhile, increased speculation about further stimulus coming in the U.S. weighed on the greenback. There were no major
