Euro Rises Vs Dollar on Report Central Bank Is to Exchange Greek Debt
From bloomberg.com
The euro rose after German newspaper Die Welt reported that the European Central Bank is exchanging Greek bonds for new securities, bolstering speculation Greece will get its second bailout. The dollar erased gains against a majority of its most- traded counterparts after a report showed manufacturing in the Philadelphia area expanded by the fastest in four months and initial jobless claims fell to the lowest in four years. Sweden’s krona dropped to a two-week low after the central bank cut interest rates. The pound was the best performer against the dollar as consumer confidence improved in January. “The bond swap ...
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