"This movement is not about risk aversion; it's more euro weakness," said Lutz Karpowitz, a currencies analyst at Commerzbank in Frankfurt.
Wednesday, December 16, 2009
Austrian Bank Stress Hits Euro, East Europe Currencies
These concerns have helped the euro to drop by some 0.8% against the dollar in European trading hours Tuesday, dipping below $1.4550 against the resurgent dollar for the first time since early October.
"This movement is not about risk aversion; it's more euro weakness," said Lutz Karpowitz, a currencies analyst at Commerzbank in Frankfurt.
"This movement is not about risk aversion; it's more euro weakness," said Lutz Karpowitz, a currencies analyst at Commerzbank in Frankfurt.
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