The US dollar rose against major currencies
Greg Farinella, managing director and head of Treasury and trading at Espirito Santo Investment S.A. in New York said: "The euro fell below $1.36 and is set to remain under pressure in the near term as investors focused on fiscal troubles in Ireland and Portugal and await meetings of European finance ministers.The issues in Europe have been very focal the last couple of days and that's lending itself to euro weakness."
The US dollar rose against major currencies as worries about Ireland's debt crisis persisted, hurting the euro , while rising US bond yields increased the greenback's appeal.Concerns about Ireland's ability to repay its debt and that its problems may spread throughout the euro zone rekindled the dollar's appeal as a safe-haven.
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