Euro Weakens on Concern Loan Package Won’t Solve Europe’s Woes

“There are factors that are a burden for the euro which are too obvious to be ignored for longer than one morning,” said Ulrich Leuchtmann, head of currency strategy at Commerzbank AG in Frankfurt. “The ECB will remain in emergency mode for a prolonged period.” The ECB’s bond purchases will also draw criticism from investors concerned the central bank is compromising its independence, he said. Read more