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BR: Euro's Rally Puts Dollar Under Pressure
 
[BRIEFING.COM] The Nasdaq remains mired near the neutral line after a steep downturn from its morning high, which made for a gain well in excess of 1%. Both the Dow and S&P 500 are still up nicely on the day, though.
The dollar has had a difficult time overcoming strength in the euro following the approval by Germany to expand the EFSF, which is a plan intended to stabilize financial conditions in Europe. The duro recently notched a new session high near $1.364, which makes for a 0.8% gain. That has helped send the Dollar Index down to a 0.6% loss.
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