The euro strengthened to a two-week high against the dollar as Spainraised more than its maximum target at a debt sale, boosting optimism the region’s sovereign debt crisis is being contained.
The Dollar Index declined for a third day after U.S. inflation was little changed in December, giving the Federal Reserve more room to keepinterest rates near zero. The common currency advanced versus most of its 16 major counterparts as Greece began a second day of talks with private creditors in a bid to reach an accord to lower its debt levels. Australia’s dollar weakened after payrolls unexpectedly shrank…..http://www.bloomberg.com/news/2012-01-19/euro-reaches-two-week-high-before-spanish-french-auction-aussie-weakens.html
March Dollar index - click to enlarge
