Sunday September 27, 2020

Euro at 22 month low after summit

The euro was 0.2 per cent from the lowest level since July 2010 after German Chancellor Angela Merkel indicated her opposition to jointly issued common bonds in the euro zone.

24th May, 2012
“The euro remains in a bearish trend,” said one analyst.

The euro was 0.2 per cent from the lowest level since July 2010 after German Chancellor Angela Merkel said following a European Union summit that her nation stands by its opposition to jointly issued common bonds.

The currency maintained a drop versus the yen before data forecast to show Europe’s services and manufacturing industries shrank for a fourth month. The Japanese and US

currencies remained higher after gaining yesterday against most major counterparts on increasing...

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