Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Euro falls to near 9-month low vs dollar on Greece

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Reuters
October 4, 2011

The euro hit a near nine-month low against the dollar on Tuesday after European finance ministers debated making banks take bigger losses on Greek debt and delayed a vital aid payment to Athens until mid-November.

The single currency fell to $1.3145, its weakest since January as a slide in stocks and a collapse in the shares of Franco-Belgian banking group Dexia — which has hefty exposure to Greek debt — pushed investors into the safety of the world’s most liquid currency.

Investors see a growing possibility of a default in Athens as euro zone finance ministers look to force banks to take bigger losses on their Greek debt holdings, while the next aid tranche for the country has been delayed until mid-November.

The euro erased its losses to trade 0.2 percent higher on the day at $1.3198 on electronic trading platform EBS, but traders and analysts said the move is no more than a technical bounce with more losses ahead.

Full article here

This article was posted: Tuesday, October 4, 2011 at 8:17 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
DHS Blocked Possible Ebola Cure See the rest on the Alex Jones YouTube channel.

Mexican President Invites More Illegals To U.S. See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.