Call it OptimismFX OutlookMarch 02, 2010 Posted by Joe O'LearyOver the past couple of months, sovereign risk has dominated the headlines in the foreign exchange markets. Financially strapped countries like Greece have put the euro on its longest losing streak against the dollar since November 2008. Debt investors have also grown concerned about budget deficits in other euro-region countries such as Spain and Ireland. The USD is has risen nearly 10 percent from its lows against the EUR from just two months ago. From my perspective, the entire episode confirms the dollar's status is still the world's only reserve currency. However, not all currencies are being punished.
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