Is The Greek Crisis Coming to an End?
The euro profited today after Greece announced several measures to tighten its massive budget deficit, allowing the confidence towards the Eurozone and making the euro to rank among the best performers in currency markets today.
The European single currency continued to advance versus the U.S. dollar as the Greek government said it will raise taxes, and cut spending to tighten its budget deficits, allowing the market sentiment towards assets in the country and in the Euroland to improve considerably, as the future seems less negative today.
EUR/USD traded at 1.3715 as of 17:50 GMT from a previous intraday rate of 1.3607.
If you want to comment on the Euro’s recent action or have any questions regarding this currency, please, feel free to reply below.
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)