on January 10, 2012 by admin in World, Comments (0)

WORLD FOREX:Euro Holds Onto Gains Vs Dollar, Yen; Merkel To Meet Lagarde

-- Euro holds onto gains vs dollar, yen as players continue covering positions betting on further decline in euro

-- Market focus on German chancellor's meeting with IMF president later in day

-- Euro declines to new low vs Australian dollar

TOKYO -(Dow Jones)- The euro held onto gains versus the dollar and the yen Tuesday in Asia as market participants continued covering their positions betting on a further decline in the common currency amid a relative lack of headlines on the European sovereign debt crisis.

Still, upcoming events could pose further downside risks to the single currency as the ...

Article source: http://online.wsj.com/article/BT-CO-20120110-700864.html

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