Currently viewing the tag: "EU"
China and Japan were both satisfied with the decisions taken by the EU, given that these should restore investor confidence and prevent the sovereign debt crisis from getting out of control. German Deputy Finance Minister Joerg Asmussen said that the summit had made key decisions towards creating a “stability union” embracing the whole More... →
The safe-haven US USD fell after EU officials reassured markets the Single currency debt crisis will be contained after a Meeting in Brussels. US GDP data is in focus ahead.
More... →Traders were looking for a straightforward plan to come out of the extended EU meeting Wednesday (whether it was ultimately encouraging or not). With risk appetite trends tied into this global fundamental threat, there would be no escaping the headline-prone event. This was especially true for the US USD.
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