mercredi 7 avril 2010

The euro is down against the dollar, continuing concerns about Greece


The euro fell against the dollar Wednesday, penalized by persistent concerns about the ability of Greece to refinance its debt and emerge from a financial crisis unprecedented.

Around 2100 GMT (2300 in Paris), the Euro was quoted at 1.3339 dollars against 1.3397 dollars on Tuesday at 2100 GMT, after falling to 1.3326 dollars around 12:20 GMT, its lowest level since the announcement of an agreement EU to help Greece March 26.

The euro retreated sharply against the yen at 124.49 yen against 125.64 yen the day before.

The dollar also dropped against the yen at 93.30 yen 93.78 yen against Tuesday night.

"Greece is an ongoing issue and will continue to limit the development of the euro until it is resolved. This is not so much about how + +, but just a question of clarity" , said David Solin of Foreign Exchange Analytics.

The euro is still penalized by the gulf Greece's fiscal and debt financing in the country, despite the assurance Tuesday of Greek Finance Minister George Papaconstantinou, the country does not seek to amend the agreement concluded in late March for possible financial support by the European Union and the International Monetary Fund (IMF) to help the country recover its public accounts.

The rate of Greek government bonds rose on Wednesday its highest level since the country's entry into the euro zone to 7.176% after the announcement of an upward revision of Greek deficit.

Aucun commentaire:

Enregistrer un commentaire