FOREX-Euro recovers vs dlr; move on Greece seen overdone

The euro rose against the dollar on Wednesday, recovering from its lowest in more than a month hit after Greece's credit rating was downgraded, as investors sensed selling in the single currency had been overdone.

Earlier in Asia, the dollar advanced against the euro and a currency basket after Fitch downgraded Greece on Tuesday to below the single-A bracket for the first time in a decade, and prompted short covering in the U.S. currency and the yen. >>

News - December 09