Euro Up on Greek Hopes
The euro emerged versus several important currencies as Greece will propose a strategy to solve its budget deficit crisis, declining pessimism among investors to purchase assets in the Eurozone.
The Eurozone had a breather today after Greece, the main responsible for the euro’s most recent downtrends, announced through government officials that decisions are likely to be presented anytime to soon to tighten the countries massive budget deficit, increasing optimism that the fiscal crisis is likely to find a solution in the
EUR/USD traded at 1.3633 as of 02:49 GMT from a previous intraday rate of 1.3517.
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Earlier News About the Euro:
- Euro Rebounds on Greek Crisis Comments, U.S. Home Sales (2010-02-26)
- Euro: The Endless Pit in 2010 (2010-02-25)
- Euro Suffered Again on PIGS Budget Crisis, U.S. Optimism (2010-02-23)
- Euro to Plunge Deeper on Fiscal Crisis Consequences (2010-02-22)
- Another Euro Weekly Decline on EU's Fiscal Crisis (2010-02-19)