Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi
Touches Record
By Chris Fournier and Ron Harui
http://www.
bloomberg.
com/news/2011-05-29/euro-falls-from-2-week-high-on-debt-concerns.
html
The euro fell for the...
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Hypo Venture Capital Headlines:Euro Weakens Versus Dollar on Sovereign-Debt Concern; Kiwi
Touches Record
By Chris Fournier and Ron Harui
http://www.
bloomberg.
com/news/2011-05-29/euro-falls-from-2-week-high-on-debt-concerns.
html
The euro fell for the first time in three days against the dollar on concern the currency region will struggle
to contain its sovereign-debt crisis.
The currency slid versus most of its major counterparts after Greece’s Prime Minister George Papandreou
said last week in Athens that he will press ahead with additional austerity measures after failing to win
backing from opposition parties.
New Zealand’s dollar dropped after surging today to its highest level
since exchange-rate controls ended in 1985 as the nation’s trade surplus widened to a record in April.
“Until we get resolution, some clarity on what’s going on, the market is not going to have the confidence
to take the euro higher,” said David Watt, senior currency strategist at Royal Bank of Canada’s
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