Goldman Sachs Quits Losing Bet on Euro-Dollar Advance (Update1)

Scalpuman at 12h19
25
Mar
2010
Goldman Sachs Quits Losing Bet on Euro-Dollar Advance (Update1)

By Ron Harui and Bo Nielsen
March 25 (Bloomberg) -- Goldman Sachs Group Inc. exited a bet the euro would climb against the dollar after the trade lost
2.8 percent amid concern the European Union is unable to agree on an aid plan for Greece, undermining the common currency.
"We have clearly underestimated the impact on the euro from the European sovereign crisis and perhaps also from the broader m
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25/03/2010 at 12h19 by "Scalpuman"