March 29, 2010
Ease of Greek Bond Issue Underpins Euro
The U.S. Dollar finished lower against all major currencies as trader demand for risk helped to pressure the Greenback. The weakness in the Dollar was attributed to optimism in the
Euro Zone over the potential positive impact of the new European Union and International Monetary Fund bailout proposal for Greece. Throughout the day, the major theme was demand for risky assets as
equities, gold and crude oil posted strong gains, supporting the commodity-linked currencies.
The EUR …
