Euro falls broadly, dollar rises in anxious market @ Forex Factory

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Euro falls broadly, dollar rises in anxious market

The euro fell broadly on Tuesday as German investor sentiment soured while persistent worries about Greece's finances kept the heat on the currency. Meanwhile, another Chinese move to tighten monetary policy hurt investor risk appetite, which boosted the U.S. dollar against both the yen and higher-yield currencies. The euro fell below $1.43 to a four-week trough beneath its 200-day moving average and also hit a four-month low against sterling after Kraft Foods (KFT.N) agreed to buy British chocolate-maker Cadbury Plc Full Story

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Submitted Jan 19, 2010 2:06pm

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