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Euro Slides Versus Dollar as Merkel Bemoans Currency’s Strength
The euro declined against the dollar as German Chancellor Angela Merkel said the common currency’s strength was making reforms hard in the region’s most-indebted nations, the latest official to comment on exchange rates this week. The euro also fell as Bild reported that Germany’s government was preparing for a Greek default, citing people familiar with the plans. A gauge of the dollar advanced as investors debated its effect on the timing of the Federal Reserve’s first interest-rate increase since 2006. Comments this week from Bank of Japan Governor Haruhiko Kuroda and his Australian counterpart Glenn ... (full story)
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