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Forex: Monday's review
The euro fell against the dollar, snapping a five-day gain, on concern the region’s debt crisis will worsen even as European finance ministers meet today to hammer out a new strategy to stem the contagion.
German Finance Minister Wolfgang Schaeuble said on radio station Deutschlandfunk that the nation opposes increasing the size of the euro area’s bailout fund.
Bank of Japan Governor Masaaki Shirakawa said European financial markets remain unstable because of concern about the long-running crisis.
Australia’s dollar dropped to a six-week low versus New Zealand’s on concern record flooding will curtail economic growth.
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