This week was expected to bring hopes for the eurozone and help the euro to end its downtrend. Instead, traders felt more disappointment than encouragement from news. The end of the week was somewhat brighter, but not much.(...)
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The Canadian dollar jumped by the end of this trading week as Europe moved closer to resolution of the sovereign-debt crisis, while the confidence of US citizens improved. Earlier, the currency declined, dragged down by fears that the European Union wouldn’t make headway with battling the crisis.(...)
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The euro raised its head today after the European Union summit showed that the European politicians have willingness to resolve the region’s problems. The summit provided some solid results, but the rally of euro wasn’t as big as one would expect.(...)
Read the rest of EU Summit Boosts Euro, But Rally Isn’t Big (138 words)