Euro respite as greenback retreats


The euro finally enjoyed better trading last week. Matthew Clements, economist at Prebon Yamane in London, explains

The euro gained around two big figures last week, as across-the-board dollar strength subsided, although Thursday's rebound in US share prices pushed it back below $0.90.

With stock market flows continuing to dominate e/US$ movement, the European Central Bank has rather taken a back seat in determining short-term moves for the euro. Comments from ECB members have again failed to