Reply #6: Euro Above $1.45 On U.S. Debt Concerns [View All]

[Ghost Dog]

VIENNA (dpa-AFX) - The euro continued its assault on the dollar but was mixed against other major currencies on Tuesday, as the U.S. edged closer to missing a dealing to raise its debt ceiling.

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Europe's own sovereign debt crisis has been swept under the rug with last week's Greek bailout, and it remains to be seen whether the bond markets are satisfied that other European debtors will pay their bills.

Meanwhile, the European Central Bank remains in a position of 'strong vigilance' with regard to the price developments, ECB policymaker Christian Noyer was quoted as saying on Tuesday. The remarks signal the ECB may not be done hiking interest rates.

The euro rose a penny to $1.4513 versus the dollar, its highest since July 4.

/... http://www.finanznachrichten.de/nachrichten-2011-07/20894423-euro-above-dollar-1-45-on-u-s-debt-concerns-020.htm