Euro reaches ten month low against US dollar
Wednesday, March 3, 2010
The euro traded at US$1.3436 in the morning, a level not seen since May of last year, although it finished the day back up at $1.3606.
It was, however, up 0.6% against the British pound, at 90.76 pence. The pound also fell today, reaching a trading level of $1.4936 after a loss of 0.4%.
"The spike lower this morning indicates market nervousness about the prospects of a Greek bailout - the message coming out of Europe is still confused," commented an analysts for CMC Markets, Michael Hewson, as quoted by Agence France-Presse.
- "Euro drops to lowest level in 10 months against dollar" — , March 2, 2010
- Meenal Vamburkar. "Euro hits 10 month low against the dollar" — , March 2, 2010
- Agence France-Presse. "Euro strikes nine-month dollar low" — , March 2, 2010