Friday, 30 April 2010

Fresh Hopes of Greek Aid Lift Euro

THE TELEGRAPH: The euro extended gains against the dollar on Friday as fresh hopes of aid for Greece eased fears about Athens' ability to reduce it massive deficit.

By mid-morning, the single currency was trading above $1.33, up from a one-year low against the dollar of $1.31 hit earlier in the week following downgrades on Greek, Portuguese and Spanish debt.

Stock markets in Germany and France also edged higher as investors took heart at speculation that talks on a rescue loan should be completed in the next few days after it seemed Germany had accepted it must act quickly to support a bail-out. >>> | Friday, April 30, 2010