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Greece’s Debt Weighs Down Euro

Posted by Scott Boyd at 9:49 am UTC, 01/29/2010

The euro fell to its lowest point in six months against the dollar today as investors continue to shun the currency amidst growing concerns with the status of Greece’s overwhelming debt. Despite a vote of confidence from French Finance Minister Christine Lagarde, the euro fell to 1.3913 USD from Thursday’s close of 1.3966.

Source: AFP News

Filed under: Forex Round Up, EUR

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May
23
Today’s Global
Market Events
All Day
EUR
EU Economic Summit
8:30am
CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am
USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am
USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm
NZD
Trade Balance
400M vs. 134M
10:00pm
NZD
Annual Budget Release
10:30pm
CNY
HSBC Flash Manufacturing PMI
49.3