Currency: Dollar Up, Euro Down On More Greek Worry
The currency rollercoaster continues, as worries over Greece’s massive debt problems drive the dollar up against the euro and the euro down significantly against all pairs.
The dollar rose by 0.68% against the euro to 1.3558, but fell 0.3% against the yen and 0.14% against the pound. The dollar was up by 0.12% against the CAD. The dollar index as a whole is up by 0.37%.
The euro dropped almost by a full percentage point against the yen, down to 125.99. It also fell by 0.56% against the CAD and 0.82% against the pound.
It is likely that the euro fill finish lower today at the close and will pare more of its weekly gains during trading tomorrow. Expect the dollar to retreat slightly but finish the week higher against the euro and yen than it was at the beginning.