WSJ--The euro struggled to stay above $1.36 as renewed concerns over Greece's debt problems prompted investors to seek the perceived safety of the yen and the dollar.
WB7--Greece is only the beginning of Europe's problems. Like the US, Europe is over leveraged, over bankstered and economically uncompetitive. However, Europe does not have Ben money printer Bernanke at the wheel. During the decade of rampant global leveraging and financial mania the Euro doubled aganst the dollar. Hear that hissing sound?
But don't worry, sooner or later George Soros and the currency posse will turn their undivided attention to the holy grail of currency plays, the overvalued US dollar.