Feeds

Traders blame euro difficulties on computer problems

US currency dealers left with unwanted euros

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Computer glitches were yesterday blamed for teething troubles in the value of the euro. Europe’s new currency dipped two cents against the dollar in New York trading on Wednesday night, hitting a low of $1.155. It bounced back to $1.165 yesterday, but still standing three-quarters of a cent below the previous day’s London close. American dealers scrambled to get rid of their unwanted euros, but were thwarted due to poor liquidity. There were disagreements about the cause of the slump – some blamed problems with the Target cross-border payment system run by European central banks. Others feared investors were giving the currency a wide berth while it was in its infancy. The European Central Bank and the Bank of England both denied any major problems with Target. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.