Quantcast
Tags: Dollar

Euro Keeps Rising as Greek Bond Sale Reassures

Tuesday, 30 Mar 2010 07:57 AM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

The euro has continued to rise against the dollar after Greece was able to raise 5 billion euros ($6.7 billion) through a bond issue.

The 16-nation euro is at $1.3515 in European morning trade Tuesday, from $1.3463 late Monday in New York.

The British pound is higher, buying $1.5048 from $1.4975, while the dollar is holding steady at 92.54 Japanese yen.

Greece's seven-year bond issue on Monday reassured investors that Athens can still access bond markets, even though its borrowing costs remain high. Budget and debt issues in Greece weighed on the common currency in recent months.

Last week, European countries promised loans together with funding from the International Monetary Fund, to assist Greece if it is unable to borrow or pay its debts.

© Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
 
Email:
Country
Zip Code:
 
Around the Web
You May Also Like

Emerging Stocks Fall Most in 6 Months on Europe Worries

Wednesday, 23 May 2012 19:04 PM

Emerging-market stocks on Wednesday slid the most in six months as concern deepened that Europe's debt crisis will reduc . . .

Gold Seeks a New 'Buyer’s Bottom'

Wednesday, 23 May 2012 17:26 PM

If you take the contrarian investing view seriously, falling prices are good news. It’s always better to load up on a ha . . .

Gold Sinks 2%, Erasing Year-to-Date Gains

Wednesday, 23 May 2012 14:19 PM

Gold fell more than 2 percent on Wednesday as a wave of selling triggered by better-than-expected U.S. home sales and he . . .

MONEYNEWS.COM
©  Newsmax Media, Inc.
All Rights Reserved