The Euro rose against the Dollar overnight buoyed by concerns that the weakening U.S. economy may be slowing the recovery. Based on recent data and testimony from Fed Chairman Bernanke, investors are bracing for a weak Second Quarter GDP report on Friday. This is driving investors into the Euro as the Euro Zone economy seems to be improving faster than the U.S. economy leading to speculation the European Central Bank may hike interest rates before the Fed although both seem to be months away from taking such action. Full Story
