European debt concerns drive dollar higher during past week
From: Business - People's Daily Online
Category: Business
02/06/2010 (1 d 16 h ago)
The dollar rose against most major currencies during the past week as concerns over European sovereign debt problems boosted safety haven demand for the greenback.
Investors worried that the debt crisis may spread from Greece to other countries, threatening major economies of the eurozone. This is the toughest test for the euro since the single currency was launched in 1999, analysts said.
The Greek public deficit is tipped to reach 12.7 percent of gross domestic product (GDP) in 2009, far ...
Investors worried that the debt crisis may spread from Greece to other countries, threatening major economies of the eurozone. This is the toughest test for the euro since the single currency was launched in 1999, analysts said.
The Greek public deficit is tipped to reach 12.7 percent of gross domestic product (GDP) in 2009, far ...
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