Wed, 08 Aug 2012 13:55:12 GMT
Greenback turned lower on Eurozone's hopes
On
Tuesday, August 7, the greenback remained lower versus the Euro and other
major currencies amid hopes that the ECB will soon make decisive actions to stem
the debt crisis in the Eurozone. In order to lower Italian and Spanish
borrowing costs, the ECB may soon resume bond-buying program. The shared currency strengthened against the
greenback during today's New York trading session, with EUR/USD adding