March 30, 2010
Greek Debt Auction Failure Weighs on Euro
The Dollar reversed earlier weakness to close higher after U.S. consumer confidence data came out better than expected. The friendly report served as further evidence that the U.S.
economy may be recovering faster than the Euro Zone. This means that the Fed is likely to begin raising interest rates before the European Central Bank.
Upside momentum slowed considerably overnight which helped weaken the Euro on the New York session opening. The buzz over the European Union/International Monetary …