After a brief climb back from the bottom, the US Dollar is once again heading down against the Euro. Surprised?
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The US dollar on Thursday again declined against the euro as Ireland neared a bailout plan to tackle its debt. The euro rose to 1.3644 dollars at around 2200 GMT from 1.3530 dollars late on Wednesday while the greenback rose against the Japanese currency to 83.49 yen from 83.16 yen the previous day.US dollar declines against euro - Channel NewsAsia
The euro has come under pressure in recent days as the eurozone struggles to deal with alarming levels of sovereign debt in Ireland. "The euro is bouncing today on further signs that a bailout announcement for Ireland is imminent," said analyst Vassili Serebriakov of Wells Fargo FX Express.
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