EU Pain Is Dollar's Gain

With the European economy showing wear and tear, the U.S. dollar this week might be able to extend its recent advance against the euro without even having to work for it. "We're referring to the dollar's recent rise as euro and sterling weakness rather than dollar strength. That's the context we'd put it in," said Robert Sinche, head of global currency strategy at Bank of America. While the U.S. economy is still slumping and jobless rates have risen steadily, things in some corners... [read full story]