Wall Street Journal
June 6, 2011
Investors backed away from the euro, as doubts about Greece's anticipated financing package and worries about a global slowdown curbed appetite for risk.
The U.S. dollar gained against risk-sensitive currencies such as the Canadian and Australian dollars, while the yen strengthened against both the U.S. dollar and the euro on safe-harbor bids.
Last week, euro-zone officials agreed on a tentative deal to give Greece more financing. But the German government said Monday that it won't decide on fresh aid for Greece until a review of the current rescue program from the European Commission, the European Central Bank and International Monetary Fund is published.
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