WSJ: WORLD FOREX: Euro Declines Vs Dollar, Yen Amid Greece, US Bank Stocks Concerns
TOKYO (Dow Jones)--The risk-sensitive euro declined against the dollar and the yen on profit-taking Wednesday, prompted by market talk about Greece-related debt problems, weaker Asian equities, and a report of possibly large liabilities among big U.S. banks for alleged improper foreclosure practices.
Although declines in the euro have so far been moderate in Asia, ongoing concerns over Greek debt issues continue to pose risks, dealers said. Some market participants may have taken euro-selling cues from unsourced rumors of potential snap elections in Greece, said Tomohiro Nishida, senior dealer at Chuo Mitsui Trust and Banking. "The market is just uneasy about ...