Euro Rises Versus Most Peers Before EU Budget Summit

Posted by Forexsq 649 days ago (http://www.bloomberg.com)
img FOREXSQ - The euro rose versus most of its 16 major counterparts before finance ministers from the 17-nation currency bloc resume talks on aid for Greece next week.

The euro strengthened against the dollar and yen as leaders of the 27 European Union member nations gather today for budget negotiations. The Japanese currency touched a seven-month low amid speculation the nation’s opposition party advocating “unlimited” monetary stimulus will win power in elections next month and as gains in Asian equities curbed demand for haven assets. Australia’s currency climbed after a private report signaled China’s manufacturing may expand this month. forex

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