martes, 8 de marzo de 2011

Dollar Rallies as Euro Retreats


The dollar rebounded slightly against the euro as renewed concerns about the euro-zone sovereign-debt crisis drew investors away from the single currency.

Heightened fears of spreading geopolitical risk in the Middle East and North Africa sent a wave of risk aversion through markets, causing U.S. stocks to fall and also appearing to lend the dollar a slight safe-haven bid.

Crude-oil futures moved higher on worries that heavy fighting in Libya would damage the country's oil infrastructure, and with protests planned for later this week in Saudi Arabia, investors shied away from riskier assets.

Source: http://www.wsj.com/

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