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WORLD FOREX: Euro Down Against Dollar; Sovereign Debt Under Pre

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fxtraderbasics: WORLD FOREX: Euro Down Against Dollar; Sovereign Debt Under Pressure - Wall Street Journal LINK ... By Bradley Davis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The euro fell against the dollar Thursday as concerns once again heated over...

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WORLD FOREX: Euro Down Against Dollar; Sovereign Debt Under Pressure - Wall Street Journal LINK ... By Bradley Davis Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The euro fell against the dollar Thursday as concerns once again heated over the region's simmering issues of sovereign debt. Illustrating the increasing worry over the region's fiscally stressed periphery, the cost to insure against default on government debt issued by Portugal, Ireland and Spain all hit record highs. "Pressure relating to the debt crisis is rising in the euro zone," said analysts at Commerzbank in Frankfurt. Thursday morning, the euro was at $1.3703 from $1.3780. The dollar was at Y82.26 from Y82.30, while the euro was at Y112.72 from...

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