FX Week

Euro holds on to gains, but doubts remain

MARKET NEWS

FRANKFURT -- The euro held most of its gains against the dollar last week, despite news that could have sent the currency packing, analysts said.

A pay-dispute strike by tens of thousands of metal workers in Germany, which highlighted the need for eurozone structural reform, and a mid-week rally in Wall Street equities, failed to stop the euro pushing even higher versus the dollar to $0.917 on Wednesday (May 8). "This shows how much sentiment has turned," said one FX trader at a US bank in Lo