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The dollar rallied in early dealing versus the euro on Monday, and gradually extended its gains in mid-day trading, as Italy continued to a pay a heavy price to borrow.

Italian 10-year yields were down to 6.64 percent, but borrowing…

The dollar fell sharply versus the euro on Friday, paring nearly all of its weekly gains amid hopes that Italy and Greece have made steps to avert a sovereign crisis.

Italian Senate passed austerity measures this morning, clearing the way…

The dollar continued to show a lack of direction versus the euro on Tuesday, where Silvio Berlusconi won a crucial vote on the country’s 2010 budget plan, but failed to secure simple majority in the Parliament.

A report on last…

The euro wobbled Monday morning in New York amid conflicting reports about whether Italian Prime Minister Silvio Berlusconi would resign under pressure from the bond markets.

Early reports suggested that the embattled Italian leader was negotiating the terms of his…

The dollar was generally stronger versus other majors on Friday, as traders expressed caution ahead of a crucial no-confidence vote that could re-make the Greek government.

While reports have surfaced indicating that a deal has been reached to form a…

The dollar failed to rally versus the euro on Thursday, even after the European Central Bank unexpectedly cut interest rates.

Later, Greece backed down from a referendum on the region’s sovereign debt bailout plan, fueling hopes that Europe can still…

The dollar was steady on Wednesday, after the Federal Reserve held off on further easing measures for the sluggish economy.

While Ben Bernanke and company resisted a third round of quantitative easing, the central bank signaled it is prepared…