02-05-2010, 03:42 AM
[url="http://online.wsj.com/article/BT-CO-20100204-718860.html?mod=WSJ_latestheadlines"]WORLD FOREX: Euro Plunges As Investors Flock To Safer Assets[/url]
Quote:NEW YORK (Dow Jones)--The euro plunged Thursday as mounting concerns over sovereign debt problems in Europe piled pressure on the common currency and helped drive a stampede out of stocks, commodities and riskier currencies.
In a very volatile trading session, the euro sank to its lowest level against the dollar in eight months, trading well below the key $1.38 level, while falling as much as 3.8% against the yen, the biggest single-day decline since July 8.
Fears that Greece's debt woes will escalate and spread to other European economies heightened investor anxiety about the health of a global economic recovery,
