Dollar Rises Against Euro as Debt Concerns Return

The U.S. dollar advanced today against the euro, resuming its previous trend after retreating against the common European currency on announcement of the loan package by the EU governments, which failed to alleviate the concern about the future of the European economy.
The worries remain as the trouble in Europe seemed to be too deeply ingrained to be resolved by such measures as lending to the indebted countries and buying debts, in the opinion of most economists. The analysts say that it won’t be surprise if dollar would reach as high as $1.25 per euro.
EUR/USD traded near 1.2693 as of 10:44 GMT today after it opened at 1.2784.

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