Soros remarks depress euro ?
A WSJ NEWS ROUNDUP
The euro fell sharply after investor George Soros was quoted as saying that the
shared currency may not survive unless the European Union presses for an
international agreement on dealing with soured assets.
"One would need a type of agreement on lost capital, so that the burden is
shared, and in which every country is part of, otherwise more countries will
suffer," Mr. Soros said in an interview with Austria's Der Standard newspaper.
"The EU should do this. If they don't do this then the euro may not survive the
crisis."
Reports that Jean-Claude Trichet, the president of the European Central Bank,
said policy makers could lower the euro zone's benchmark interest rate, added
to the pressure on the shared currency.
The yen and the dollar gained as losses in stocks and gloomy reports about U.S.
employment and orders for durable goods made investors more hesitant to take on
risk.
The yen and the dollar have tended to rise in recent months when the economic
picture appeared to deteriorate, losing ground when upbeat news prompted
investors to seek higher-yielding investments denominated in other currencies
