Euro gains a little relief from downward slide, edges up to $1.3365
By APFriday, April 9, 2010
Euro edges up to $1.3365
BERLIN — The euro is slightly higher after sliding for several days on new worries about Greece’s debt woes.
The shared European currency edged up to $1.3365 in early European trading Friday from $1.3353 in New York late Thursday.
Greece’s borrowing costs have spiked to a record high this week, raising doubts about the effectiveness of a financial rescue plan. However, European Central Bank president Jean-Claude Trichet insisted Thursday that default was “not an issue” for the country.
The British pound was barely changed Friday. It bought $1.5275, compared with $1.5274 the previous evening.
The dollar climbed to 93.53 Japanese yen from 93.40 yen.
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