US Dollar Rises Further as Traders Shun Risk
GBP Advances as G-20 Meeting Improves Outlook for Global Economy
Euro Rebounds as Stocks Rises on Hopes for G-20 Meeting
The euro rebounded from yesterday’s drop to the
Investors hope the G-20 policy makers will discuss the global economic imbalances and find a way to help the Eurozone in dealing with its debt crisis. The Standard & Poor’s 500 Index rebounded 0.6 percent, following the drop by 0.7 percent. The index is still down 6.6 percent over this week.
EUR/USD rose from 1.3463 to 1.3498 and EUR/JPY advanced from 102.62 to 103.14 today as of 16:38 GMT.
If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.
Tags
CategoriesEarlier News About the Euro:
- EU Ministers' Meeting Ends Without Result, Euro Slumps (2011-09-20)
- Optimism About Europe Evaporates, Euro Weakens (2011-09-13)
- ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
- Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
- Euro Sinks After Merkel's Party Loses Election (2011-09-05)