March 18, 2010

Greece Bailout Worries Fuel Euro Sell-Off

The U.S. Dollar finished higher versus most major currencies with the exception of the New Zealand Dollar. Fear that Greek fiscal problems may flare up once again sent investors
scurrying out of the Euro and into relatively safer currencies. Nervous investors removed risk from the equation overnight and continued this trend throughout the day. Worries that Greece would not
get the aid from the European Union helped to wipe out in two days a little more than half of the …