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The euro turned lower against the dollar on Tuesday, giving up modest gains after Japan’s finance minister said Tokyo would use part of its foreign-exchange reserves to buy bonds issued by the European Stability Mechanism, the euro zone’s bailout fund.
The ICE dollar index, which measures the greenback against a basket of six major currencies, rose to 80.323 compared with 80.256 in U.S. trading late Monday………………………………………..Full Article: Source
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Commodities Briefing - Categorized | Currencies more
Euro gives up Japan-inspired gains
| Posted on 09 January 2013 |
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