Greenspan Sick?
The dollar weakened broadly on Wednesday after rumors that Federal Reserve Chairman Alan Greenspan had suffered a heart attack roiled the markets, traders said.
The Fed declined to comment on the rumors.
The euro rose to a session high just above $1.23, a gain of more than 1 percent, according to Reuters data. The dollar fell over 1 percent against the Swiss franc to 1.2671 francs.
“The dollar is selling off across the board on fears that Greenspan may no longer be at the helm,” said Jeremy Fand, senior proprietary trader with WestLB in New York.
Rumor or fact? The market reponds bad enough when he just opens his mouth, let’s hope this is just rumor.
Update [11:15 AM]:
Sphere: Related Content“There is no truth to the rumor,” said Federal Reserve spokesman Andrew Williams.
“Greenspan is fine.”
The Federal Reserve usually refuses to comment on market rumors, but its silence had appeared to fuel the talk.