Atlantic International Partnership Headlines: Euro Falls as Merkel Election Defeat, Stock Losses Boost Haven Currencies
posted by lawsonlab 2 days ago under atlantic international partnership, atlantic international partnership madrid spain, aip madrid spain, atlantic international partnership headlines-euro, stock losses boost haven currencies
The euro weakened for a fifth day versus the dollar after an election loss for Germany’s ruling party stoked concern support is fading for bailouts of Europe’s most-indebted nations, boosting demand for refuge currencies.
The Swiss franc rose against all major peers as Greek two- year note yields surged above 50 percent and the cost of insuring Europe’s government bonds from default rose to records. The Dollar Index climbed to a one-month high as economists said U.S. data tomorrow will show service industries slowed, adding to signs global growth is weakening. The yen gained versus the euro after German Chancellor Angela Merkel’s Christian Democratic Union was defeated in the election in her home state. » Atlantic International Partnership Headlines: Euro Falls as Merkel Election Defeat, Stock Losses Boost Haven Currencies |
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