Euro gains against counterparts with Greece hopes

Euro Gains Against Counterparts With Greece Hopes

European financeministers have expressedgreat confidence thatGreece ...More
European financeministers have expressedgreat confidence thatGreece will successfullycomplete the bond buybackin order to ease the debtcrisis Less

Euro gains against counterparts with Greece hopes

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European finance ministers have expressed great confidence that Greece will successfully complete the bond buyback in order to ease the debt crisis
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European finance ministers have expressed great confidence that Greece will successfully complete the bond buyback in order to ease the debt crisis. Greece has already begun the repurchase of bonds, and the European governments are counting on this to cut the country's debt.

The euro reached a fresh 6-week high against the US dollar hitting 1.3124, against the pound with a rate of 0.8136 and also against the yen with the rate advancing to 107.88.

Later today we will be seeing figures from the euro zone retail sales data.

It's not just the euro that is benefiting from this new confidence. We have also seen today that the NZD/USD has strengthened, and the Aussie remained steady despite their lower-than-expected GDP figures with a rise of only 0.5%.

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Posted on: 04:11 PM - 29 Apr 13

Euro gains against counterparts with Greece hopes
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European finance ministers have expressed great confidence that Greece will successfully complete the bond buyback in order to ease the debt crisis
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