TELL CHINA TO STOP PROPPING UP THE EURO CORRECTION NEEDED, AND NEEDED NOW NOW NOW, he he. Irish Debt margin hikes ? really.. Oh boy. This best not continue for long.
The euro gained against the dollar Thursday, after a media report that China and other Asian investors are interested in buying Portuguese bail-out bonds.
The euro (EURUSD) rose to $1.4158 from $1.4098 in late North American trading Wednesday. See real-time currency quotes and tools.
The dollar index (DXY), which measures the U.S. unit against a basket of six major currencies, slipped to 75.601 from 75.847 late Wednesday.
The Australian dollar (AUDUSD) rose to $1.0588, from $1.0545 late Wednesday, and the New Zealand dollar was up 1.2% at $0.8060.
The euro was already on the upswing against the dollar Wednesday, paring earlier session losses, after a clearing house raised its margin requirement on Irish debt. Read more on Irish debt margin hike.
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