{"id":2271,"date":"2011-10-21T12:37:08","date_gmt":"2011-10-21T20:37:08","guid":{"rendered":"http:\/\/associatednews.info\/content\/?p=2271"},"modified":"2011-11-14T12:38:38","modified_gmt":"2011-11-14T20:38:38","slug":"faith-restored-in-the-euro","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/faith-restored-in-the-euro\/","title":{"rendered":"Faith Restored In The Euro"},"content":{"rendered":"<p><span style=\"font-family: Arial, sans-serif;\"><a href=\"http:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2272\" title=\"euro\" src=\"http:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro.png\" alt=\"\" width=\"220\" height=\"220\" srcset=\"https:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro.png 220w, https:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro-150x150.png 150w, https:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro-50x50.png 50w, https:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro-70x70.png 70w, https:\/\/associatednews.info\/content\/wp-content\/uploads\/2011\/11\/euro-55x55.png 55w\" sizes=\"auto, (max-width: 220px) 100vw, 220px\" \/><\/a>The dollar fell against a <\/span><span style=\"font-family: Arial, sans-serif;\">variety of<\/span><span style=\"font-family: Arial, sans-serif;\"> currencies in <\/span><span style=\"font-family: Arial, sans-serif;\">volatile<\/span><span style=\"font-family: Arial, sans-serif;\"> European trading last Thursday as jumpy <\/span><span style=\"font-family: Arial, sans-serif;\">investors<\/span><span style=\"font-family: Arial, sans-serif;\"> did an about-turn and sold the <\/span><span style=\"font-family: Arial, sans-serif;\">dollar. T<\/span><span style=\"font-family: Arial, sans-serif;\">heir faith was <\/span><span style=\"font-family: Arial, sans-serif;\">somewhat<\/span><span style=\"font-family: Arial, sans-serif;\"> restored in the ability of euro-zone leaders <\/span><span style=\"font-family: Arial, sans-serif;\">to resolve<\/span><span style=\"font-family: Arial, sans-serif;\"> the region&#8217;s <\/span><span style=\"font-family: Arial, sans-serif;\">debt<\/span><span style=\"font-family: Arial, sans-serif;\"> crisis at a pivotal weekend summit, <\/span><span style=\"font-family: Arial, sans-serif;\">in spite of<\/span><span style=\"font-family: Arial, sans-serif;\"> an absence of news.<\/p>\n<p>Traders <\/span><span style=\"font-family: Arial, sans-serif;\">invested in<\/span><span style=\"font-family: Arial, sans-serif;\"> the euro, which had sagged against the dollar in Asian and early European trade, as <\/span><span style=\"font-family: Arial, sans-serif;\">news<\/span><span style=\"font-family: Arial, sans-serif;\"> resurfaced affirming the basic principles of the euro zone&#8217;s July 21 <\/span><span style=\"font-family: Arial, sans-serif;\">arrangement<\/span><span style=\"font-family: Arial, sans-serif;\"> that the European Financial Stability Facility <\/span><span style=\"font-family: Arial, sans-serif;\">might be<\/span><span style=\"font-family: Arial, sans-serif;\"> <\/span><span style=\"font-family: Arial, sans-serif;\">in a position to<\/span><span style=\"font-family: Arial, sans-serif;\"> buy sovereign <\/span><span style=\"font-family: Arial, sans-serif;\">debt<\/span><span style=\"font-family: Arial, sans-serif;\"> directly from <\/span><span style=\"font-family: Arial, sans-serif;\">nations<\/span><span style=\"font-family: Arial, sans-serif;\"> issuing new bonds or on the open market.<\/p>\n<p>The dollar also fell against the Australian, New Zealand and Canadian dollars, as <\/span><span style=\"font-family: Arial, sans-serif;\">investors<\/span><span style=\"font-family: Arial, sans-serif;\"> were <\/span><span style=\"font-family: Arial, sans-serif;\">prompted<\/span><span style=\"font-family: Arial, sans-serif;\"> <\/span><span style=\"font-family: Arial, sans-serif;\">to place<\/span><span style=\"font-family: Arial, sans-serif;\"> relatively risky currency bets back on, <\/span><span style=\"font-family: Arial, sans-serif;\">when<\/span><span style=\"font-family: Arial, sans-serif;\"> European shares narrowed their losses.<\/p>\n<p>The ICE Dollar Index, which <\/span><span style=\"font-family: Arial, sans-serif;\">tracks<\/span><span style=\"font-family: Arial, sans-serif;\"> the greenback against a trade-weighted basket of currencies, was at 76.822 <\/span><span style=\"font-family: Arial, sans-serif;\">in comparison<\/span><span style=\"font-family: Arial, sans-serif;\"> with 77.085 late Wednesday in <\/span><span style=\"font-family: Arial, sans-serif;\">New York<\/span><span style=\"font-family: Arial, sans-serif;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dollar fell against a variety of currencies in volatile European trading last Thursday as jumpy investors did an about-turn and sold the dollar. Their faith was somewhat restored in the ability of euro-zone leaders&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[1252,1254,1253],"class_list":["post-2271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-2","tag-euro","tag-faith-restored","tag-value"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/2271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=2271"}],"version-history":[{"count":2,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/2271\/revisions"}],"predecessor-version":[{"id":2274,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/2271\/revisions\/2274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media\/2272"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=2271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=2271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=2271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}