Home » Forex 29 November 2011
The euro is holding on modest gains seen versus the dollar and yen overnight, with optimism that Europe could be finally moving towards comprehensive solutions to its debt crisis leading to a round of short covering. Traders are now focusing on a two day meeting of European finance ministers, which starts later today, to see if the group will provide any further details on plans to beef up the fire power of the regions bailout fund, the EFSF. At summit meetings in late October it was decided to leverage the
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