Dhaka, Bangladesh (BBN)- The Euro (EUR) edged down to 1.3720 after hitting a 5 week high of 1.3819 against the US Dollar (USD) as Euro zone nations are yet to give concrete details on how they would help Greece resolve its financial troubles.
On the other hand, US stocks gained on Wednesday, pushing the Dow Jones Industrial Average to hit a 17-month high, after February inflation reading supported the Fed’s renewed pledge of low interest rates.
The Dow Jones Industrial Average gained 47.69 points to finish at 10,733.67. The Nasdaq Composite Index advanced by 11.08 points to end at 2,389.09, according to reports.
BBN/SS/SI/AD-18March10-1:03 pm (BST)