Euro rises as investor sentiment improves

Rising Optimism about the euro zone economy.

In his article " Dollar sinks vs. euro as economic woes ease" of July 8, 2010, Blake Ellis notes that " The dollar extended declines versus the euro Thursday as investors cheered an upbeat
report on employment and became more confident in the health of the euro zone economy."

For Blake Ellis, the investors optimism about the the euro zone economy came " after the Committee of European Bank Supervisors provided details about the stress tests of European banks scheduled for later this month."