Euro

NEW YORK (AP) — The euro is falling against the dollar as leaders from the world's seven wealthiest nations discuss solutions to Europe's ongoing debt crisis. The euro fell to $1.2435 in afternoon trading from $1.2494 late Monday. Finance ministers and central bank presidents from the United States, Japan, Germany, France, Britain, Canada and Italy are holding a conference call to review options f

NEW YORK (AP) — The euro is rising against the dollar after the 17 nations that use the euro added to their bailout fund for countries troubled by debt. The euro group raised the emergency fund to to $1.1 trillion. In Spain, the new conservative government unveiled a $36 billion deficit-reduction plan, including spending cuts and a rise in taxes for big companies...

LONDON (AP) — The euro has fallen below $1.30 for the first time since Jan. 12 amid ongoing concerns that last week's summit of EU leaders has not gone far enough in fixing the currency. Europe's single currency, which is used by 17 nations, has managed to hold its own for much of this year despite rising concerns over the level of government debt in a number of countries...

PARIS (AP) — Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. Markets had rallied on Friday, when the European Union adopted a new fiscal pact meant to prevent a repeat of the financial fiasco that is now sweeping across countries that use the euro...

BRUSSELS (AP) — The 17 countries that use the euro, plus six of their European Union partners, agreed Friday to an ambitious treaty tying their finances together in the hopes of solving Europe's debt crisis. At the same time, opposition led by Britain created a deep rift in the union...

Stocks rose broadly in morning trading Monday on hopes for a plan to restore long-term confidence in the euro. The Dow Jones industrial average jumped 140 points, led by banks. Italian bond yields dropped sharply after a new government there introduced new austerity measures aimed at restoring confidence in that country's debt...