WT : Euro Weakens as Concern about Greece's Debt Rises
(NEW YORK) -- As concerns about Greece's debt rise, the euro continues to weaken, having declined against all but one of its sixteen major peers Monday morning.
The euro fell 0.3 below the dollar and 0.2 below the yen.
Subdued trade is expected for the remainder of Monday since U.S. markets are closed for Memorial Day.
European governments are in talks about new bailout loans for Greece, according to the Financial Times. European Union and International Monetary Fund officials are expected to announce a report on the finances of deficit-burdened Greece sometime this week.
