Dol­lar boosted.

Kathimerini English - - Business & Finance -

In­ten­si­fy­ing wor­ries about the debt cri­sis in Europe are help­ing drum up de­mand for the US dol­lar. Re­gional elec­tions in Spain brought new politi­cians to power, trig­ger­ing fears about the coun­try’s abil­ity to cut its deficits. In­vestors suspect Greece will have to re­struc­ture its debts or need even more aid a year af­ter it re­ceived emer­gency aid. Lena Komil­eva of Brown Brothers Har­ri­man siad yes­ter­day in a re­search note that “Europe’s fail­ing ap­proach to its debt cri­sis has re­newed fears of a con­ta­gious sov­er­eign de­fault and a pos­si­ble eu­ro­zone breakup.” (AP)

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