iBankCoin
Joined Nov 11, 2007
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The Euro Rises Against the Dollar

“The euro strengthened from an almost three-week low against the dollar on bets private investors will accept terms of a Greek bond exchange needed for the nation to receive a second rescue package.

The 17-nation currency rallied amid speculation options traders bought it to prevent automatic trades from triggering after recent declines. Australia’s dollar fell to a six-week low versus the greenback, before rebounding, as a government report showed the economy expanded by less than analysts had forecast. The pound rose versus the dollar as U.K. stocks advanced…”

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