24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Bond Buy Fears Squash Euro

The euro slid against the dollar on Tuesday after two days of gains as investors grew cautious that a European Central Bank plan to tackle the region's debt crisis may lack detail.

Softer-than-expected data on U.S. manufacturing further eroded risk appetite, boosting the dollar's appeal as a safe haven for some investors.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement