I hate being wrong, and the next few days will confirm it.
* * * * * J B K * * * * *
San Francisco
The euro dropped to the lowest level in almost a year against the dollar as escalating concern about Greece's finances added to pressure on Group of 20 leaders to stem the crisis.
The euro slid versus 12 of its 16 major counterparts as policy makers from G-20 nations meet in Washington today. Europe's currency headed for a third weekly drop against the yen after the European Union raised its estimate for Greece's deficit and Moody's Investors Service cut the nation's debt rating. The dollar traded close to a one-week high versus the yen before U.S. reports forecast to show improving orders for long-lasting goods and new home sales.
http://www.bloomberg.com/apps/news?pid=20601010&sid=aSRcwqeaJFO0
