EUR/USD: Euro gets a lift on headlines that Greek conservative (New Democracy) party head Samaras says he is ready to tolerate a minority government.

Market news

8 May 2012

EUR/USD: Euro gets a lift on headlines that Greek conservative (New Democracy) party head Samaras says he is ready to tolerate a minority government.

Euro spikes to $1.3020-25 and then stabilizes at lower levels, although still above the psychological $1.30 mark.

European stocks closed in minus: FTSE 100 5,554.55 -100.51 -1.78%, CAC 40 3,124.8 -89.42 -2.78%, DAX 6,444.74 -124.74 -1.90%

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