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Euro Up on Greek Hopes

March 3, 2010 at 4:51 by Jan Baros

EuroThe 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 mid-term.

EUR/USD traded at 1.3633 as of 02:49 GMT from a previous intraday rate of 1.3517.

If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.

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