Euro Weakens on Greek Debt Worries

After several days of gains, the euro fell against the dollar today on heightened concern that global growth is slowing and growing fears that the debt crisis could be getting worse.

In Greece, opposition parties have refused to support Greek Prime Minister George Papandreou’s attempts to reduce government spending. This has caused some to suggest that Greece will be unable to meet its austerity targets which could result in the International Monetary Fund and European Union delaying support payments.

Source: Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.