- American focus: The euro rose
Market news
14 September 2011
American focus: The euro rose
The euro rose against the majority of its most-traded counterparts as optimism increased that area leaders will work to avoid a default in Greece and contain the region’s debt crisis.
The 17-nation currency strengthened before a conference call today among the leaders of Greece, Germany and France.
The euro briefly dropped after Austria’s parliamentary finance committee delayed a vote to approve the increase of the European Financial Stability Facility.
The yen approached a post-World War II record against the dollar after U.S. retail sales unexpectedly stagnated in August, increasing concern the nation’s economic recovery is faltering.
U.S. retail sales were unchanged in August, following a 0.3 percent gain for July that was smaller than previously estimated, Commerce Department figures showed today in Washington. The median forecast of economists was a 0.2 percent rise.
Market Focus
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