Trend line
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Bloomberg
Nov. 8 (Bloomberg) -- The euro weakened for a second day as concern that governments in the region will struggle to pay their debt increased before Ireland opens its books to European Union officials. U.S. benchmark stock indexes retreated from two-year highs and platinum and crude oil declined.
The euro fell against 11 of its 16 most-traded peers, weakening 0.6 percent to $1.3942 at 9:36 a.m. in New York. The Standard & Poor’s 500 Index lost 0.3 percent after last week reaching a two-year high and its most-expensive valuation since May. Irish bonds slid for the 10th day, the longest decline in almost two years. Greek debt rallied as Prime Minister George Papandreou’sparty headed toward victory in local elections.
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