Thursday, May 17, 2012
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Euro dips to session low vs dollar

The dollar rose against the euro on Monday as U.S. stock prices dipped and as worries about Greek debt continued to weigh on the European currency.

 

The euro slipped to $1.3574 according to Reuters data, a session low. Earlier it had climbed above $1.36, well off a nine-month low around $1.3442 hit last week. It was last at $1.3588, down 0.2 percent.

"Stocks have started to soften up and obviously the euro is still facing serious headwinds with regard to Greece," said Brian Dolan, chief strategist at Forex.com in Bedminster, New Jersey.  >>

 

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