North-West Financial Broker
Personal Area
Personal Area
22 Mar - Fundamental
The dollar pared earlier gains Monday as stocks rebounded and investors awaited the European Union summit later in the week.
What prices are doing: The dollar fell 0.17% versus the euro to $1.3552 and dropped 0.55% against the British pound to $1.5096. Against the Japanese yen, the dollar slid 0.4 to ¥90.15.
At the end of last week, the dollar rose against major currencies as investors continued to worry about finding a solution for Greece's debt. The buck had fallen earlier that week after the Federal Reserve held interest rates steady near zero percent.
What's moving the market: The dollar lost ground Monday as stocks gained following the House vote to approve health care reform.
The House passed a $940 billion health care reform package late Sunday. President Obama will sign the bill, which was passed in December by the Senate, into law.
Investors were also looking ahead to Thursday's European Union summit in Brussels, where leaders will meet to discuss a rescue plan for Greece.
Lingering worries about the nation's debt pressured the euro and boosted the dollar Monday following news that Germany might not offer aid to the country.
