Euro reaches ten month low against US dollar

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Wednesday, March 3, 2010

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The euro reached a ten-month low against the US dollar earlier today over concerns about Greece's debt crisis.

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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.


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Padlock-silver-medium.svg This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

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