15.05.2012 - Currency traders head for safety
A reassuring Italian bond auction helped stem the euro's slide Monday but currency traders remained wary of riskier bets such as the euro and the Australian dollar as the specter of a Greek euro-zone exit continued to haunt markets. The euro remained below $1.29 against the dollar and was also under pressure against the likes of the yen and the pound as fears about a Greek euro exit intensified. Poor euro-zone industrial output data for March and a soggy Spanish Treasury Bill auction also undermined the common currency...............................................Full Article: Source
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