5.5.11

Dollar pares loss, near lowest since December 2009

(Marketwatch.com)The dollar pared a decline in midday trading Wednesday, after touching the lowest level against the euro since December 2009, as U.S. stocks and commodities extended declines following a weaker-than-forecast report on the U.S. services sector. The greenback had been under pressure before the data as reports came out saying Portugal has negotiated an international bailout worth €78 billion and after data on private U.S. payrolls growth. Read full story >>>