- American focus: the euro rose against the dollar and yen
Market news
9 December 2011
American focus: the euro rose against the dollar and yen
The euro rose against the dollar and yen after government leaders holding all-night talks in Brussels added 200 billion euros ($267 billion) to their crisis-fighting capacity and toughened anti-deficit rules.
The 17- nation currency fell earlier as U.K. Prime Minister David Cameron said there was “fundamental disagreement” in European Union talks in Brussels and as Finland threatened to withdraw from the permanent bailout fund if changes to decision making are introduced.
Finland is ready to withdraw its support from Europe’s permanent rescue mechanism if the Nordic country’s condition of unanimous decision making is ignored, Finance Minister Jutta Urpilainen said. Europe’s leaders last night agreed on the need for a “qualified majority” to speed up decision-making and prevent individual countries from blocking bailouts.
The Dollar Index fell and higher-yielding currencies gained after U.S. consumer confidence rose to a six-month high. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 67.7 this month from 64.1 at the end of last month.
The 17- nation currency fell earlier as U.K. Prime Minister David Cameron said there was “fundamental disagreement” in European Union talks in Brussels and as Finland threatened to withdraw from the permanent bailout fund if changes to decision making are introduced.
Finland is ready to withdraw its support from Europe’s permanent rescue mechanism if the Nordic country’s condition of unanimous decision making is ignored, Finance Minister Jutta Urpilainen said. Europe’s leaders last night agreed on the need for a “qualified majority” to speed up decision-making and prevent individual countries from blocking bailouts.
The Dollar Index fell and higher-yielding currencies gained after U.S. consumer confidence rose to a six-month high. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 67.7 this month from 64.1 at the end of last month.
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