Dollar up against the euro over concerns of Greece debt
The dollar rose against the euro today, as investors voice their concern over how Greece will service its debt. On Thursday Greece asked for talks with the International Monetary Fund to help with the aid plan agreed at the weekend, but concerns remain on how the plan will be implemented.
The euro fell by 0.6% against the dollar on Friday, ending the session at $1.3497 and only slightly above the one-week low of $1.3490 posted earlier this week. The euro also fell 0.9% against the yen to 125.13, while the yen was slightly up against the dollar, ending 0.3% up.
Elsewhere, Sterling fell 0.6% against the dollar as concerns that the May 6th UK election could result in no party winning a majority after the Liberal Democrat leader Nick Clegg won a TV debate on Thursday.