fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Euro Gained On Higher Risk Appetite, Trading Lower This Morning  Tue Dec 04, 2012 10:42 am | |
| Euro Gained On Higher Risk Appetite, Trading Lower This Morning For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD and closed at 1.3064, as risk appetite increased buoyed by Greece's $13 billion bond buyback plan and amid upbeat Chinese economic. Yesterday, in an effort to reform its waning economy and reduce its debt to sustainable levels, Greece revealed plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes would help stabilize its mountainous debt. Moreover, the Euro-zone finance ministers yesterday approved €39.5 billion aid to Spanish banks, formally ending a months-long effort to draw a line under a crisis that had threatened to push the country for a bailout.  | |
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