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Breaking News Forum Dollar hits one-month high as periphery woes weigh on Europe at News Forum - By Marc Jones LONDON - Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro ...

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Old 05-26-2015, 04:32 AM   #1
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Default Dollar hits one-month high as periphery woes weigh on Europe

By Marc Jones LONDON - Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher. Europe's main markets returned to action after a long weekend with the mood unsettled by Sunday's strong local election showing by anti-austerity parties in Spain, while bets were put back on a U.S. rate hike this year after having been all but canceled over the past two months. Europe's stock markets fell between 0.5-1.3 percent as early resistance gave way and a fall by the euro back below $1.09 mirrored signs that contagion from the region's debt problems was creeping back into bond markets.




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