FOREX-Euro falls on bank sector jitters, RBA eyed

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Re: FOREX-Euro falls on bank sector jitters, RBA eyed

Post  XREDXR on Sat Nov 20, 2010 1:56 pm

"Concerns about euro zone banks have been growing again,hitting investor sentiment that had improved a little afterbetter-than-expected U.S. jobs data last week," said TsutomuSoma, senior manager of the foreign securities department atOkasan Securities.

"The trend in the euro might have changed as the market'smood as shifting back toward risk reduction."

The dollar index, a gauge of the U.S. currency's performanceagainst a basket of six major currencies, rose 0.4 percent to82.355, rebounding from a four-week trough of 81.876 on Monday.

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