Monday, February 15, 2010

Dollar Higher, Euro Lower

The USD is mostly higher and the EUR is mostly lower as the market waits to see if the meeting of Europe's finance ministers produces any more details of Greek package. News that Dubai World is still battling to reschedule about $22bn of debts is only helping a general rise in risk aversion. Japanese 4Q growth of 1.1% is better than expected but deflation remains a problem. The dollar is up at Y90.06 while the EUR sinks to $1.3595. GBP is down at $1.5669.

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