The euro reached almost $1.40 a year ago. Now, it is close to $1.10. And this is not only a story about the dollar. The single currency is also down more than 10 per cent versus the pound over the past year and has weakened even against the yen, in ...
The euro sank to a one-month low against the US currency as concerns about Greece's ability to meet its loan repayment schedule remained at the fore, with wider political uncertainty in Europe unsettling equity and bond markets across the region.
BERLIN Greece must remain a member of the euro zone but it must stop wasting time and do all it can to avoid defaulting on its debts to the IMF, the head of the panel of economic experts that advises the German government said.
The dollar fell for the first time in four days against the euro, sliding from its strongest level in a month. The decline is the result of “profit-taking” after recent gains, said Roy Teo, a currency strategist at ABN Amro Group NV in Singapore.