Euro Slips on Worries About Cyprus

NEW YORK (AP) -- The euro fell slightly against the dollar Tuesday as concerns about the bailout for Cyprus continue to weigh on the currency.

The euro slipped to $1.2858 in late trading Tuesday from $1.2862 late Monday.

Details about the bailout for the bailout have not been decided yet. It's not clear how much money will be taken from depositors with more than 100,000 euros in the nation's banks.

Cyprus says it's keeping its banks closed until Thursday, after initially saying they would reopen on Tuesday. Banks have been closed for more than a week to avoid big withdrawals.

In the U.S., The Conference Board says its Consumer Confidence Index fell in March to 59.7 from a revised reading of 68 in February.

The British pound fell to $1.5155 from $1.5182.

The dollar rose to 94.50 Japanese yen from 94.04 Japanese yen and to 0.9483 Swiss franc from 0.9480 Swiss franc.

The dollar fell to 1.0164 Canadian dollar from 1.0216 Canadian dollar.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2332880, ~/Articles/ArticleHandler.aspx, 10/21/2014 8:20:58 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement